National Bank of Canada (TSE:NA) Receives Average Recommendation of “Hold” from Analysts

National Bank of Canada (TSE:NA) has earned a consensus rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$122.64.

NA has been the subject of a number of research reports. 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. Canaccord Genuity Group raised their target price on shares of National Bank of Canada from C$113.00 to C$123.00 in a research note on Thursday, August 29th. TD Securities upped their price target on shares of National Bank of Canada from C$123.00 to C$129.00 in a research report on Thursday, August 29th. BMO Capital Markets raised their price objective on National Bank of Canada from C$115.00 to C$125.00 in a research report on Thursday, August 29th. Finally, Royal Bank of Canada upped their target price on National Bank of Canada from C$113.00 to C$116.00 in a research report on Thursday, August 29th.

National Bank of Canada Trading Up 0.9 %

National Bank of Canada stock opened at C$131.49 on Wednesday. The stock has a 50-day moving average price of C$123.37 and a 200 day moving average price of C$116.36. National Bank of Canada has a 52 week low of C$84.27 and a 52 week high of C$131.53. The stock has a market cap of C$44.76 billion, a PE ratio of 12.80, a P/E/G ratio of 17.04 and a beta of 1.12.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The firm had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. On average, equities analysts predict that National Bank of Canada will post 10.8064243 EPS for the current year.

National Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, September 30th will be paid a $1.10 dividend. The ex-dividend date is Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a yield of 3.35%. National Bank of Canada’s payout ratio is currently 42.84%.

Insider Buying and Selling

In related news, Director Yvon Charest bought 325 shares of the business’s stock in a transaction on Monday, August 19th. The shares were bought at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. Company insiders own 0.21% of the company’s stock.

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.