National Bank of Canada (TSE:NA) Receives Average Rating of “Hold” from Analysts
Shares of National Bank of Canada (TSE:NA) have earned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$60.18.
NA has been the topic of several recent analyst reports. Eight Capital upped 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. Barclays PLC upgraded shares of National Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 23rd.
National Bank of Canada (TSE:NA) opened at 55.31 on Friday. The stock’s 50 day moving average is $55.52 and its 200-day moving average is $55.44. National Bank of Canada has a 12 month low of $45.11 and a 12 month high of $59.12. The stock has a market capitalization of $18.89 billion and a price-to-earnings ratio of 11.71.
National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, May 31st. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.27 by $0.03. National Bank of Canada had a net margin of 30.31% and a return on equity of 17.47%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. On average, equities research analysts expect that National Bank of Canada will post $5.30 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, June 26th were paid a dividend of $0.58 per share. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.56. This represents a $2.32 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, June 22nd.
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In other National Bank of Canada news, Director Andrée Savoie bought 650 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were purchased at an average cost of C$53.67 per share, with a total value of C$34,885.50.
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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