National Bank of Canada (TSE:NA) Receives C$114.62 Average PT from Analysts

National Bank of Canada (TSE:NA) has received an average rating of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$114.54.

NA has been the topic of a number of analyst reports. TD Securities lifted their price objective on National Bank of Canada from C$118.00 to C$121.00 in a report on Friday, May 10th. Desjardins lifted their price target on National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a research note on Tuesday. UBS Group set a C$123.00 price objective on National Bank of Canada and gave the stock a “buy” rating in a report on Tuesday, July 2nd. CIBC raised their target price on National Bank of Canada from C$109.00 to C$124.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Finally, Royal Bank of Canada upped their price target on shares of National Bank of Canada from C$109.00 to C$113.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 30th.

National Bank of Canada Price Performance

National Bank of Canada stock opened at C$111.98 on Friday. The business has a 50 day simple moving average of C$112.13 and a 200-day simple moving average of C$110.34. National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$118.77. The stock has a market capitalization of C$38.06 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 17.04 and a beta of 1.12.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, May 29th. The financial services provider reported C$2.54 EPS for the quarter, topping analysts’ consensus estimates of C$2.43 by C$0.11. The company had revenue of C$2.84 billion during the quarter, compared to the consensus estimate of C$2.89 billion. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. As a group, equities research analysts anticipate that National Bank of Canada will post 9.8686007 EPS for the current year.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, June 24th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Monday, June 24th. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.06. National Bank of Canada’s dividend payout ratio is 44.63%.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest purchased 324 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of C$116.20 per share, with a total value of C$37,648.80. In related news, Senior Officer Lucie Blanchet sold 8,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total transaction of C$946,792.00. Also, Director Yvon Charest bought 324 shares of the stock in a transaction on Tuesday, May 21st. The stock was purchased at an average cost of C$116.20 per share, with a total value of C$37,648.80. Corporate insiders own 0.20% 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.