National Bank of Canada (TSE:NA) Given Average Recommendation of “Hold” by Brokerages

Shares of National Bank of Canada (TSE:NA) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$195.38.

A number of research firms have weighed in on NA. Barclays raised their price target on 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 upped their target price on National Bank of Canada from C$165.00 to C$172.00 in a research report on Thursday, February 26th. Scotiabank upped their target price on National Bank of Canada from C$202.00 to C$214.00 and gave the company a “sector outperform” rating in a research report on Monday, May 4th. TD upped their target price on National Bank of Canada from C$182.00 to C$202.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada cut their target price on National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 25th.

National Bank of Canada Price Performance

NA stock opened at C$204.62 on Thursday. The business has a 50 day moving average price of C$192.94 and a two-hundred day moving average price of C$178.35. The company has a market cap of C$79.21 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 7.14 and a beta of 1.30. National Bank of Canada has a twelve month low of C$127.47 and a twelve month high of C$209.89.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. The firm had revenue of C$3.89 billion during the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%. On average, equities research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, May 1st were issued a dividend of $1.24 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.4%. National Bank of Canada’s payout ratio is 45.71%.

National Bank of Canada Company Profile

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.