BMO Capital Markets Cuts North West (TSE:NWC) Price Target to C$56.00

North West (TSE:NWC) had its price objective reduced by BMO Capital Markets from C$57.00 to C$56.00 in a research report released on Thursday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on NWC. Royal Bank Of Canada reduced their price target on North West from C$60.00 to C$58.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. CIBC dropped their price target on shares of North West from C$59.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, North West presently has a consensus rating of “Buy” and an average target price of C$58.75.

North West Stock Up 0.1%

Shares of NWC opened at C$48.10 on Thursday. The company has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.11 and a beta of -0.03. North West has a 52 week low of C$44.48 and a 52 week high of C$57.95. The stock’s 50-day moving average price is C$47.28 and its 200-day moving average price is C$48.75. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78.

North West (TSE:NWC) last announced its quarterly earnings results on Tuesday, December 9th. The company reported C$0.82 earnings per share (EPS) for the quarter. North West had a return on equity of 18.43% and a net margin of 5.14%.The company had revenue of C$634.32 million during the quarter. On average, sell-side analysts predict that North West will post 3.4924863 EPS for the current year.

North West Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.64 dividend on an annualized basis and a yield of 3.4%. North West’s dividend payout ratio is presently 56.34%.

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.