North West (TSE:NWC) Price Target Raised to C$63.00

North West (TSE:NWC) had its price target hoisted by Canadian Imperial Bank of Commerce from C$56.00 to C$63.00 in a research report released on Thursday,BayStreet.CA reports.

NWC has been the topic of several other reports. Royal Bank Of Canada lifted their price objective on North West from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. BMO Capital Markets lowered their price objective on North West from C$57.00 to C$56.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$62.00.

North West Trading Up 0.3%

NWC stock opened at C$55.14 on Thursday. The company has a current ratio of 2.10, a quick ratio of 0.64 and a debt-to-equity ratio of 54.91. North West has a 12-month low of C$44.63 and a 12-month high of C$57.95. The stock has a market cap of C$2.62 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.11 and a beta of 0.15. The business’s 50-day moving average is C$54.38 and its 200 day moving average is C$50.27.

North West (TSE:NWC) last posted its quarterly earnings data on Wednesday, April 8th. The company reported C$0.78 earnings per share (EPS) for the quarter. North West had a return on equity of 17.82% and a net margin of 5.37%.The company had revenue of C$675.55 million for the quarter. On average, sell-side analysts anticipate that North West will post 3.4924863 EPS for the current fiscal year.

North West Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 24th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, April 15th. North West’s dividend payout ratio (DPR) is 56.45%.

About North West

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.