Shares of The North West Company Inc. (TSE:NWC – Get Free Report) hit a new 52-week high on Monday. The stock traded as high as C$57.50 and last traded at C$56.95, with a volume of 28,639 shares traded. The stock had previously closed at C$57.05.
Analyst Upgrades and Downgrades
Separately, Canadian Imperial Bank of Commerce increased their target price 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 equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$60.67.
Check Out Our Latest Research Report on NWC
North West Stock Performance
The firm has a market cap of C$2.70 billion, a PE ratio of 19.49, a P/E/G ratio of 1.11 and a beta of 0.06. The firm has a 50-day moving average price of C$53.45 and a two-hundred day moving average price of C$52.17. The company has a quick ratio of 0.64, a current ratio of 1.84 and a debt-to-equity ratio of 57.00.
North West (TSE:NWC – Get Free Report) last issued its quarterly earnings results on Tuesday, September 8th. The company reported C$0.76 EPS for the quarter. North West had a return on equity of 17.50% and a net margin of 5.40%. The firm had revenue of C$681.96 million during the quarter. Research analysts forecast that The North West Company Inc. will post 3.49 EPS for the current fiscal year.
North West Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, September 29th. This is an increase from North West’s previous quarterly dividend of $0.41. North West’s payout ratio is 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.
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