National Bank of Canada (TSE:NA) Receives Consensus Rating of “Hold” from Brokerages

Shares of National Bank of Canada (TSE:NA) have been assigned an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$198.83.

Several research firms have recently commented on NA. Royal Bank Of Canada reduced their price objective on National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. Jefferies Financial Group upped their price objective on National Bank of Canada from C$172.00 to C$188.00 in a research note on Wednesday, May 20th. TD Securities upped their price objective on National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Raymond James Financial reduced their price objective 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. Finally, National Bank Financial upped their price objective on National Bank of Canada from C$183.00 to C$196.00 in a research note on Thursday, March 5th.

National Bank of Canada Price Performance

TSE:NA opened at C$209.80 on Monday. The firm has a market capitalization of C$80.80 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 7.14 and a beta of 1.40. National Bank of Canada has a one year low of C$134.18 and a one year high of C$214.78. The business has a fifty day moving average price of C$202.49 and a 200-day moving average price of C$184.42.

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

National Bank of Canada Announces Dividend

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

National Bank of Canada Company Profile

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.