National Bank of Canada (TSE:NA) Receives C$108.00 Average Target Price from Brokerages

National Bank of Canada (TSE:NA) has earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$108.00.

A number of research firms have weighed in on NA. CIBC decreased their price target on shares of National Bank of Canada from C$110.00 to C$109.00 and set an “outperform” rating on the stock in a research note on Friday, March 8th. TD Securities boosted their target price on shares of National Bank of Canada from C$100.00 to C$110.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Canaccord Genuity Group boosted their target price on shares of National Bank of Canada from C$107.00 to C$108.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Desjardins upped their price target on shares of National Bank of Canada from C$105.00 to C$109.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada upped their price target on shares of National Bank of Canada from C$105.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th.

National Bank of Canada Stock Down 0.1 %

TSE:NA opened at C$111.93 on Wednesday. National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$115.14. The firm has a market cap of C$37.96 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 17.04 and a beta of 1.11. The company’s 50 day moving average is C$110.32 and its 200-day moving average is C$100.51.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, February 28th. The financial services provider reported C$2.59 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.38 by C$0.21. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. The firm had revenue of C$2.71 billion for the quarter, compared to the consensus estimate of C$2.72 billion. Research analysts predict that National Bank of Canada will post 9.8532751 EPS for the current fiscal year.

National Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, March 25th will be given a $1.06 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $4.24 annualized dividend and a dividend yield of 3.79%. National Bank of Canada’s dividend payout ratio is presently 44.63%.

Insider Activity at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest acquired 331 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of C$103.19 per share, for a total transaction of C$34,155.89. 0.20% of the stock is owned by 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.