North West (TSE:NWC) Shares Cross Above 200 Day Moving Average – What’s Next?

The North West Company Inc. (TSE:NWC)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$45.61 and traded as high as C$53.45. North West shares last traded at C$53.43, with a volume of 102,411 shares traded.

Analysts Set New Price Targets

NWC has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of North West from C$40.00 to C$47.00 in a research report on Friday, September 6th. TD Securities upped their price target on shares of North West from C$52.00 to C$59.00 in a research note on Friday, September 6th. Finally, BMO Capital Markets upped their price target on shares of North West from C$44.00 to C$56.00 in a research note on Friday, September 6th.

North West Trading Down 0.2 %

The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.64 and a current ratio of 2.22. The company’s fifty day simple moving average is C$52.19 and its 200-day simple moving average is C$45.81. The company has a market capitalization of C$2.53 billion, a P/E ratio of 19.39, a PEG ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC) last issued its earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.71 by C$0.02. North West had a net margin of 5.25% and a return on equity of 19.76%. The company had revenue of C$646.49 million for the quarter. Research analysts predict that The North West Company Inc. will post 3.4924863 earnings per share for the current year.

North West Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.40 dividend. This is a boost from North West’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Monday, September 30th. North West’s dividend payout ratio (DPR) is currently 58.39%.

Insider Activity

In related news, Senior Officer Leanne Flewitt sold 9,975 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$52.09, for a total value of C$519,597.75. Also, Senior Officer Michael Beaulieu sold 3,522 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$50.78, for a total transaction of C$178,847.16. In the last ninety days, insiders have sold 29,365 shares of company stock worth $1,531,575. Corporate insiders own 0.12% of the company’s stock.

North West Company Profile

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 company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.