National Bank of Canada (TSE:NA) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of National Bank of Canada (TSE:NA) have earned an average recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on 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.
A number of research analysts recently issued reports on NA shares. Barclays PLC raised National Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 23rd. Eight Capital lifted their target price on National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday, June 1st.
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In other National Bank of Canada news, Director Andrée Savoie acquired 650 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was purchased at an average cost of C$53.67 per share, for a total transaction of C$34,885.50.
Shares of National Bank of Canada (TSE NA) opened at 55.61 on Tuesday. National Bank of Canada has a 52 week low of $43.93 and a 52 week high of $59.12. The company has a 50-day moving average of $53.60 and a 200-day moving average of $55.31. The firm has a market capitalization of $18.99 billion and a PE ratio of 11.78.
National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, May 31st. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. National Bank of Canada had a return on equity of 17.47% and a net margin of 30.31%. On average, equities analysts forecast that National Bank of Canada will post $5.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, June 26th will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, June 22nd. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.56. This represents a $2.32 dividend on an annualized basis and a yield of 4.17%.
National Bank of Canada Company Profile
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