National Bank of Canada (TSE:NA) Hits New 52-Week High at $125.56

National Bank of Canada (TSE:NA)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$125.56 and last traded at C$128.40, with a volume of 928758 shares changing hands. The stock had previously closed at C$127.41.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Desjardins upped their price target on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. CIBC downgraded shares of National Bank of Canada from an “outperform” rating to a “neutral” rating in a report on Friday, September 20th. TD Securities increased their price objective on shares of National Bank of Canada from C$123.00 to C$129.00 in a report on Thursday, August 29th. UBS Group set a C$123.00 target price on National Bank of Canada and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Finally, BMO Capital Markets boosted their target price on National Bank of Canada from C$115.00 to C$125.00 in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, National Bank of Canada has an average rating of “Hold” and an average price target of C$122.64.

National Bank of Canada Trading Up 0.8 %

The company’s 50 day moving average is C$120.66 and its 200 day moving average is C$115.32. The company has a market cap of C$43.70 billion, a PE ratio of 12.50, a P/E/G ratio of 17.04 and a beta of 1.12.

National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The company had revenue of C$2.98 billion for the quarter, compared to the consensus estimate of C$2.95 billion. Analysts expect that National Bank of Canada will post 10.8549488 EPS for the current year.

National Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.43%. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insiders Place Their Bets

In other National Bank of Canada news, Director Yvon Charest acquired 325 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was purchased at an average price of C$117.24 per share, for a total transaction of C$38,103.00. 0.21% of the stock is owned by company insiders.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.