National Bank of Canada (TSE:NA) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

National Bank of Canada (TSE:NA) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$166.36 and traded as high as C$180.74. National Bank of Canada shares last traded at C$179.48, with a volume of 1,274,429 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on NA shares. Barclays boosted their price objective on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Royal Bank Of Canada raised their target price on National Bank of Canada from C$163.00 to C$193.00 in a report on Thursday, February 26th. Canaccord Genuity Group decreased their price target on National Bank of Canada from C$191.00 to C$190.00 and set a “hold” rating on the stock in a research note on Monday, March 9th. National Bank Financial boosted their price target on National Bank of Canada from C$183.00 to C$196.00 in a report on Thursday, March 5th. Finally, TD Securities upped their price objective on National Bank of Canada from C$175.00 to C$182.00 in a research report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$191.45.

National Bank of Canada Trading Up 0.2%

The firm has a market capitalization of C$69.48 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 7.14 and a beta of 1.32. The stock’s 50-day moving average is C$175.83 and its 200-day moving average is C$166.36.

National Bank of Canada (TSE:NA) last issued its earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. The firm had revenue of C$3.89 billion for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. On average, equities research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, May 1st will be paid a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, March 30th. National Bank of Canada’s dividend payout ratio is presently 45.71%.

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.