North West (TSE:NWC) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of North West (TSE:NWC) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on NWC. BMO Capital Markets raised their price objective on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. Royal Bank Of Canada raised their target price on North West from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Finally, Canadian Imperial Bank of Commerce raised their target price on North West from C$56.00 to C$63.00 in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, North West currently has a consensus rating of “Buy” and a consensus price target of C$62.00.

North West Stock Up 0.6%

North West stock opened at C$51.68 on Wednesday. The company has a debt-to-equity ratio of 54.91, a current ratio of 2.10 and a quick ratio of 0.64. The stock has a market capitalization of C$2.45 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.11 and a beta of 0.12. North West has a 1-year low of C$44.63 and a 1-year high of C$57.95. The business has a fifty day moving average price of C$52.70 and a 200-day moving average price of C$51.16.

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

North West Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 24th were paid a $0.41 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.2%. 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.