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

Shares of National Bank of Canada (TSE:NA) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$108.00.

NA has been the topic of several recent analyst reports. CIBC cut their price objective on shares of National Bank of Canada from C$110.00 to C$109.00 and set an “outperform” rating on the stock in a research report on Friday, March 8th. Royal Bank of Canada increased their price objective on shares of National Bank of Canada from C$105.00 to C$109.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Jefferies Financial Group increased their price objective on shares of National Bank of Canada from C$109.00 to C$113.00 and gave the company a “hold” rating in a research report on Thursday, February 29th. Desjardins raised their price target on shares of National Bank of Canada from C$105.00 to C$109.00 and gave the company a “hold” rating in a report on Thursday, February 29th. Finally, Canaccord Genuity Group raised their price target on shares of National Bank of Canada from C$107.00 to C$108.00 and gave the company a “hold” rating in a report on Thursday, February 29th.

Insider Activity at National Bank of Canada

In related news, Director Yvon Charest acquired 331 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of C$103.19 per share, with a total value of C$34,155.89. 0.20% of the stock is currently owned by insiders.

National Bank of Canada Trading Up 0.2 %

Shares of TSE:NA opened at C$111.58 on Wednesday. The company has a 50 day moving average of C$109.78 and a 200 day moving average of C$100.18. The stock has a market cap of C$37.84 billion, a P/E ratio of 11.75, a P/E/G ratio of 17.04 and a beta of 1.11. National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$115.14.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported C$2.59 EPS for the quarter, topping analysts’ consensus estimates of C$2.38 by C$0.21. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. The business had revenue of C$2.71 billion during the quarter, compared to analysts’ expectations of C$2.72 billion. On average, equities analysts forecast that National Bank of Canada will post 9.8532751 earnings per share for the current fiscal year.

National Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, March 25th will be given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, March 22nd. National Bank of Canada’s payout ratio is 44.63%.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.