National Bank of Canada (NA) Scheduled to Post Earnings on Wednesday

National Bank of Canada (TSE:NA) will be posting its quarterly earnings results before the market opens on Wednesday, December 4th. Analysts expect National Bank of Canada to post earnings of C$2.53 per share for the quarter.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping the consensus estimate of C$2.50 by C$0.18. The firm had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%.

National Bank of Canada Trading Up 0.0 %

NA stock opened at C$137.43 on Wednesday. The company has a market cap of C$46.78 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$87.92 and a 12 month high of C$138.79. The firm has a 50-day moving average of C$131.10 and a two-hundred day moving average of C$120.55.

Insider Buying and Selling

In other National Bank of Canada news, Director Yvon Charest purchased 285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of C$133.71 per share, with a total value of C$38,107.35. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Securities increased their price objective on shares of National Bank of Canada from C$129.00 to C$140.00 in a report on Friday, November 15th. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Canaccord Genuity Group increased their price objective on shares of National Bank of Canada from C$123.00 to C$135.00 in a report on Tuesday, November 19th. Desjardins increased their price objective on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, CIBC increased their price target on shares of National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, National Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$132.40.

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.