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

Shares of National Bank of Canada (TSE:NA) have been given a consensus rating of “Hold” by the eleven research firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$199.50.

Several brokerages have weighed in on NA. Canadian Imperial Bank of Commerce lifted their target price on National Bank of Canada from C$209.00 to C$221.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Desjardins increased their price target on National Bank of Canada from C$215.00 to C$217.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. TD raised their price target on National Bank of Canada from C$182.00 to C$202.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Scotiabank lifted their price objective on shares of National Bank of Canada from C$214.00 to C$222.00 and gave the company a “sector outperform” rating in a research note on Tuesday, June 16th. Finally, Canaccord Genuity Group upped their price objective on shares of National Bank of Canada from C$204.00 to C$205.00 and gave the stock a “hold” rating in a report on Friday, June 5th.

National Bank of Canada Trading Down 1.4%

NA opened at C$220.83 on Friday. The business’s 50 day moving average is C$209.76 and its 200-day moving average is C$189.55. The stock has a market cap of C$85.05 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 7.14 and a beta of 1.40. National Bank of Canada has a twelve month low of C$139.29 and a twelve month high of C$226.19.

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

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 29th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.24. National Bank of Canada’s dividend payout ratio is 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.