North West (TSE:NWC) Reaches New 12-Month High at $45.06

Shares of The North West Company Inc. (TSE:NWC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$45.06 and last traded at C$45.04, with a volume of 11359 shares traded. The stock had previously closed at C$44.59.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NWC shares. CIBC upped their target price on North West from C$43.00 to C$44.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Jefferies Financial Group upped their price target on shares of North West from C$41.00 to C$43.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. BMO Capital Markets lifted their price objective on North West from C$41.00 to C$44.00 in a report on Thursday, June 6th. TD Securities raised their target price on North West from C$47.00 to C$52.00 in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada lifted their price target on North West from C$38.00 to C$40.00 in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$44.60.

North West Stock Up 0.3 %

The business has a fifty day moving average of C$41.42 and a 200 day moving average of C$39.96. The company has a current ratio of 2.01, a quick ratio of 0.64 and a debt-to-equity ratio of 57.45. The company has a market capitalization of C$2.15 billion, a PE ratio of 16.92, a PEG ratio of 1.11 and a beta of 0.62.

North West (TSE:NWC) last released its earnings results on Wednesday, June 5th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.54 by C($0.01). North West had a net margin of 5.23% and a return on equity of 19.84%. The company had revenue of C$617.52 million during the quarter. Equities research analysts anticipate that The North West Company Inc. will post 3.3474801 EPS for the current year.

North West Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.39 per share. The ex-dividend date was Friday, June 28th. This represents a $1.56 annualized dividend and a dividend yield of 3.45%. North West’s dividend payout ratio (DPR) is currently 58.43%.

Insider Buying and Selling

In other news, Director George Mcconnell Daniel sold 5,665 shares of North West stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$42.54, for a total transaction of C$240,989.10. In other news, Senior Officer John King sold 5,230 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$42.70, for a total transaction of C$223,321.00. Also, Director George Mcconnell Daniel sold 5,665 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$42.54, for a total value of C$240,989.10. Insiders sold a total of 11,662 shares of company stock worth $497,015 over the last 90 days. 0.10% of the stock is owned by insiders.

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 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.