National Bank of Canada (TSE:NA) Given Consensus Recommendation of “Hold” by Analysts

Shares of National Bank of Canada (TSE:NA) have been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$198.83.

Several brokerages have commented on NA. Barclays boosted their target price on National Bank of Canada from C$177.00 to C$183.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Jefferies Financial Group boosted their target price on National Bank of Canada from C$172.00 to C$188.00 in a research note on Wednesday, May 20th. TD boosted their target price on National Bank of Canada from C$182.00 to C$202.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. National Bank Financial boosted their target price on National Bank of Canada from C$183.00 to C$196.00 in a research note on Thursday, March 5th. Finally, Raymond James Financial lowered their target price on National Bank of Canada from C$206.50 to C$203.00 and set a “market perform” rating for the company in a research note on Thursday, May 28th.

National Bank of Canada Price Performance

NA opened at C$204.35 on Monday. National Bank of Canada has a twelve month low of C$133.41 and a twelve month high of C$214.78. The company has a 50-day simple moving average of C$199.69 and a 200 day simple moving average of C$182.98. The stock has a market capitalization of C$78.70 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 7.14 and a beta of 1.40.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share for the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. The business had revenue of C$3.91 billion during the quarter. Sell-side analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, May 1st were paid a $1.24 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $4.96 annualized dividend and a dividend yield of 2.4%. National Bank of Canada’s dividend payout ratio is currently 42.83%.

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.