North West (TSE:NWC) Shares Pass Above Two Hundred Day Moving Average of $34.34

The North West Company Inc. (TSE:NWC)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$34.34 and traded as high as C$36.33. North West shares last traded at C$36.07, with a volume of 64,129 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Securities raised shares of North West from a “hold” rating to a “buy” rating and boosted their price target for the company from C$39.00 to C$41.00 in a report on Wednesday, September 13th. CIBC lowered their price target on shares of North West from C$39.00 to C$38.00 and set a “neutral” rating on the stock in a report on Thursday, September 14th. Finally, BMO Capital Markets boosted their price target on shares of North West from C$39.00 to C$40.00 and gave the company a “market perform” rating in a report on Thursday, September 14th.

North West Price Performance

The company has a debt-to-equity ratio of 67.97, a quick ratio of 0.64 and a current ratio of 2.17. The company’s 50 day moving average price is C$34.09 and its 200 day moving average price is C$34.34. The company has a market cap of C$1.72 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 1.11 and a beta of 0.56.

North West (TSE:NWC) last issued its earnings results on Tuesday, September 12th. The company reported C$0.81 EPS for the quarter. North West had a net margin of 4.98% and a return on equity of 19.78%. The company had revenue of C$618.10 million for the quarter. On average, equities research analysts predict that The North West Company Inc. will post 3.092415 earnings per share for the current fiscal year.

North West Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.39 per share. This is an increase from North West’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, September 28th. This represents a $1.56 annualized dividend and a yield of 4.32%. North West’s dividend payout ratio is 62.65%.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The Canadian operations comprises Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh foods, apparel, and health products and services; Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; Giant Tiger junior discount stores, which offers family fashion, household products, and food; Valu Lots discount center and direct-to-customer food distribution outlet; solo market, a store in remote market; Pharmacy and Convenience stores; and North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.