National Bank of Canada (TSE:NA) has received an average rating of “Hold” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$60.18.
NA has been the subject of several research reports. Barclays PLC raised shares of National Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 23rd. Eight Capital increased their price objective on shares of National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday, June 1st.
In other news, Director Andrée Savoie acquired 650 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was acquired at an average price of C$53.67 per share, with a total value of C$34,885.50.
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Shares of National Bank of Canada (TSE NA) opened at 55.31 on Friday. The company’s 50-day moving average price is $55.52 and its 200 day moving average price is $55.44. National Bank of Canada has a 1-year low of $45.11 and a 1-year high of $59.12. The company has a market cap of $18.89 billion and a price-to-earnings ratio of 11.71.
National Bank of Canada (TSE:NA) last issued its quarterly earnings results on Wednesday, May 31st. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.03. National Bank of Canada had a return on equity of 17.47% and a net margin of 30.31%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, analysts predict that National Bank of Canada will post $5.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, June 26th were paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $2.32 annualized dividend and a yield of 4.19%. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.56.
National Bank of Canada Company Profile
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada, the United States, Europe, and internationally. It operates through three segments: Personal and Commercial, Wealth Management, and Financial Markets. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, savings options, and tailored investment solutions; various insurance products; and commercial banking services, such as credit, and deposit and investment solutions, as well as international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complementary services.
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