National Bank of Canada (TSE:NA) Releases Quarterly Earnings Results

National Bank of Canada (TSE:NA) issued its quarterly earnings results on Wednesday. The financial services provider reported C$2.82 EPS for the quarter, FiscalAI reports. The company had revenue of C$3.70 billion during the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.

National Bank of Canada Stock Up 2.3%

Shares of NA stock opened at C$172.30 on Friday. The stock has a fifty day moving average of C$157.34 and a 200 day moving average of C$147.38. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$175.99. The firm has a market capitalization of C$67.25 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 7.14 and a beta of 1.13.

Wall Street Analyst Weigh In

Several research analysts recently commented on NA shares. Jefferies Financial Group cut their price objective on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a report on Tuesday, November 25th. Royal Bank Of Canada raised their price target on National Bank of Canada from C$149.00 to C$163.00 in a report on Thursday. TD Securities boosted their price objective on National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a research note on Thursday. Scotiabank raised their target price on National Bank of Canada from C$166.00 to C$184.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Canaccord Genuity Group boosted their price objective on shares of National Bank of Canada from C$160.00 to C$166.00 in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$161.50.

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.