The North West (TSE:NWC) Receives “Neutral” Rating from CIBC

CIBC restated their neutral rating on shares of The North West (TSE:NWC) in a research report report published on Thursday, Stock Target Advisor reports. The firm currently has a C$38.00 price target on the stock.

Other analysts have also recently issued reports about the company. Royal Bank of Canada boosted their price objective on The North West from C$35.00 to C$36.00 and gave the stock a sector perform rating in a report on Wednesday. TD Securities increased their price objective on shares of The North West from C$36.00 to C$37.00 and gave the company a hold rating in a report on Friday, April 9th. Finally, BMO Capital Markets raised their price objective on shares of The North West from C$38.00 to C$40.00 in a research note on Thursday, April 8th.

Shares of The North West stock opened at C$35.85 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.52 and a debt-to-equity ratio of 79.58. The firm has a 50 day moving average of C$35.86. The North West has a fifty-two week low of C$26.90 and a fifty-two week high of C$37.82. The firm has a market capitalization of C$1.74 billion and a price-to-earnings ratio of 12.71.

The North West (TSE:NWC) last released its earnings results on Wednesday, April 7th. The company reported C$0.54 EPS for the quarter. The firm had revenue of C$565.19 million during the quarter. Equities analysts anticipate that The North West will post 2.4700001 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 28th. Stockholders of record on Wednesday, April 28th were given a dividend of $0.36 per share. This is a positive change from The North West’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, April 15th. The North West’s payout ratio is presently 48.94%.

In related news, Director Edward Stephen Kennedy sold 133,400 shares of The North West stock in a transaction that occurred on Tuesday, April 13th. The shares were sold at an average price of C$36.66, for a total transaction of C$4,890,310.60. Following the transaction, the director now owns 105,273 shares of the company’s stock, valued at approximately C$3,859,202.91.

About The 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 Canada, Alaska, the South Pacific, and the Caribbean. The company's Canadian operations comprise 118 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 25 Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; 5 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 2 Valu Lots discount center and direct-to-customer food distribution outlet; 2 Pharmacy and Convenience stores; 1 Solo Market store for rural market; and 1 North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.

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