North West (TSE:NWC) Given New C$58.00 Price Target at Canadian Imperial Bank of Commerce

North West (TSE:NWC) had its price target dropped by analysts at Canadian Imperial Bank of Commerce from C$63.00 to C$58.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 20.93% from the stock’s previous close.

Several other research firms have also recently issued reports on NWC. Royal Bank Of Canada cut their target price on North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research note on Thursday. TD Securities raised North West to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, BMO Capital Markets upped their target price on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$59.33.

North West Price Performance

NWC stock traded down C$1.87 during mid-day trading on Thursday, reaching C$47.96. 282,214 shares of the company’s stock were exchanged, compared to its average volume of 153,425. The company has a market cap of C$2.28 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.11 and a beta of 0.00. The stock’s 50 day moving average is C$52.01 and its 200 day moving average is C$51.66. North West has a 12-month low of C$44.63 and a 12-month high of C$56.77. The company has a debt-to-equity ratio of 54.91, a current ratio of 2.10 and a quick ratio of 0.64.

North West (TSE:NWC) last released its earnings results on Wednesday, April 8th. The company reported C$0.78 earnings per share for the quarter. North West had a return on equity of 17.82% and a net margin of 5.37%.The business had revenue of C$675.55 million for the quarter. On average, research analysts expect that North West will post 3.4924863 EPS for the current year.

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.