National Bank of Canada (TSE:NA) Given Average Rating of “Hold” by Analysts

Shares of National Bank of Canada (TSE:NA) have been assigned an average recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$122.64.

Several equities research analysts recently commented on the company. Jefferies Financial Group increased their price objective on National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday, August 29th. UBS Group set a C$123.00 price objective on National Bank of Canada and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Royal Bank of Canada increased their price objective on National Bank of Canada from C$113.00 to C$116.00 in a research report on Thursday, August 29th. Finally, BMO Capital Markets increased their target price on National Bank of Canada from C$115.00 to C$125.00 in a report on Thursday, August 29th.

National Bank of Canada Stock Down 1.1 %

Shares of NA stock opened at C$126.71 on Friday. The stock has a market cap of C$43.13 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 17.04 and a beta of 1.12. The business’s fifty day moving average is C$119.77 and its 200 day moving average is C$114.95. National Bank of Canada has a twelve month low of C$84.27 and a twelve month high of C$128.67.

National Bank of Canada (TSE:NA) last issued 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. 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 analysts’ expectations of C$2.95 billion. Equities research analysts expect that National Bank of Canada will post 10.8549488 earnings per share for the current fiscal year.

National Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors 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 3.47%. National Bank of Canada’s dividend payout ratio is currently 42.84%.

Insider Activity at National Bank of Canada

In related news, Director Yvon Charest purchased 325 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of C$117.24 per share, with a total value of C$38,103.00. 0.21% of the stock is owned by corporate insiders.

About National Bank of Canada

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.