National Bank of Canada (TSE:NA) – Stock analysts at Cormark boosted their Q2 2018 EPS estimates for shares of National Bank of Canada in a note issued to investors on Monday. Cormark analyst M. Grauman now expects that the financial services provider will earn $1.40 per share for the quarter, up from their prior forecast of $1.39. Cormark also issued estimates for National Bank of Canada’s Q3 2018 earnings at $1.50 EPS, Q4 2018 earnings at $1.55 EPS and FY2018 earnings at $5.83 EPS.

NA has been the topic of a number of other research reports. Eight Capital lowered shares of National Bank of Canada from a “buy” rating to a “neutral” rating and lifted their price target for the stock from C$66.00 to C$67.00 in a report on Monday. Desjardins lifted their price target on shares of National Bank of Canada from C$62.00 to C$64.00 in a report on Monday. CSFB lifted their price target on shares of National Bank of Canada from C$59.00 to C$61.00 in a report on Monday. Canaccord Genuity lifted their price target on shares of National Bank of Canada from C$66.00 to C$68.00 in a report on Monday. Finally, BMO Capital Markets lifted their price target on shares of National Bank of Canada from C$61.00 to C$66.00 and gave the stock a “market perform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. National Bank of Canada currently has a consensus rating of “Hold” and a consensus target price of C$64.50.

National Bank of Canada (NA) traded down C$0.25 during midday trading on Wednesday, hitting C$63.39. 1,122,921 shares of the company’s stock were exchanged, compared to its average volume of 1,085,468. National Bank of Canada has a 12-month low of C$51.41 and a 12-month high of C$64.37.

In related news, insider Elaine Marchand sold 6,100 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of C$59.50, for a total value of C$362,950.00. Also, Director Richard Fortin bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was purchased at an average price of C$57.90 per share, for a total transaction of C$289,500.00. In the last 90 days, insiders purchased 16,900 shares of company stock worth $988,018 and sold 16,900 shares worth $968,706.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, December 27th will be issued a $0.60 dividend. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 3.79%. National Bank of Canada’s payout ratio is presently 42.38%.

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National Bank of Canada Company Profile

Earnings History and Estimates for National Bank of Canada (TSE:NA)

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