North West (TSE:NWC) Reaches New 52-Week High – Here’s Why

The North West Company Inc. (TSE:NWC) shares reached a new 52-week high during mid-day trading on Thursday. The company traded as high as C$56.90 and last traded at C$56.90, with a volume of 32,250 shares changing hands. The stock had previously closed at C$55.49.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce upped their price objective on North West from C$58.00 to C$62.00 and gave the company an “outperformer” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, North West has an average rating of “Buy” and a consensus price target of C$60.67.

North West Stock Up 0.0%

The business’s fifty day moving average is C$51.67 and its two-hundred day moving average is C$51.37. The company has a market cap of C$2.66 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.11 and a beta of 0.06. The company has a debt-to-equity ratio of 57.00, a quick ratio of 0.64 and a current ratio of 1.84.

North West (TSE:NWC) last released its quarterly earnings data on Tuesday, September 8th. The company reported C$0.76 earnings per share (EPS) for the quarter. The company had revenue of C$681.96 million during the quarter. North West had a net margin of 5.40% and a return on equity of 17.50%. Equities analysts predict that The North West Company Inc. will post 3.49 EPS for the current year.

North West Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were paid a dividend of $0.42 per share. This is a boost from North West’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 29th. North West’s payout ratio is presently 56.16%.

North West Company Profile

The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.