National Bank of Canada (TSE:NA) Cut to “Hold” at Canadian Imperial Bank of Commerce

National Bank of Canada (TSE:NA) was downgraded by research analysts at Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

NA has been the topic of a number of other reports. Barclays lifted their price objective on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Jefferies Financial Group boosted their price target on shares of National Bank of Canada from C$165.00 to C$172.00 in a research report on Thursday, February 26th. TD Securities boosted their price target on shares of National Bank of Canada from C$175.00 to C$182.00 in a research report on Thursday, February 26th. BMO Capital Markets boosted their price target on shares of National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Finally, TD boosted their price target on shares of National Bank of Canada from C$182.00 to C$202.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$195.38.

National Bank of Canada Stock Up 0.5%

TSE:NA opened at C$205.76 on Wednesday. The business’s 50 day moving average is C$192.41 and its two-hundred day moving average is C$177.67. National Bank of Canada has a 52 week low of C$126.13 and a 52 week high of C$209.89. The company has a market cap of C$79.65 billion, a PE ratio of 19.84, a P/E/G ratio of 7.14 and a beta of 1.30.

National Bank of Canada (TSE:NA) last issued its earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share (EPS) for the quarter. The firm had revenue of C$3.89 billion for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. As a group, sell-side analysts expect that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.