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

National Bank of Canada (TSE:NA) has been given an average recommendation of “Hold” by the twelve research firms that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$166.17.

NA has been the topic of a number of research analyst reports. TD Securities raised their target price on National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a report on Thursday, December 4th. Raymond James Financial increased their price objective on National Bank of Canada from C$168.00 to C$173.00 and gave the company a “market perform” rating in a research report on Thursday, December 4th. Desjardins raised their price objective on shares of National Bank of Canada from C$175.00 to C$180.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Royal Bank Of Canada upped their target price on shares of National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Finally, Scotiabank increased their price target on shares of National Bank of Canada from C$184.00 to C$188.00 in a report on Friday, January 9th.

National Bank of Canada Price Performance

Shares of NA opened at C$163.94 on Tuesday. The company has a market capitalization of C$63.99 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 7.14 and a beta of 1.15. National Bank of Canada has a one year low of C$106.67 and a one year high of C$177.54. The company’s fifty day moving average price is C$170.76 and its 200 day moving average price is C$157.89.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. The company had revenue of C$3.70 billion during the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. Analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Sunday, February 1st were paid a $1.24 dividend. The ex-dividend date was Monday, December 29th. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. This represents a $4.96 annualized dividend and a dividend yield of 3.0%. National Bank of Canada’s dividend payout ratio is 46.08%.

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.