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

National Bank of Canada (TSE:NA) has received an average recommendation of “Hold” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$123.64.

A number of research firms recently weighed in on NA. BMO Capital Markets boosted their target price on National Bank of Canada from C$115.00 to C$125.00 in a research report on Thursday, August 29th. CIBC cut shares of National Bank of Canada from an “outperform” rating to a “neutral” rating in a research report on Friday, September 20th. TD Securities lifted their price objective on National Bank of Canada from C$129.00 to C$140.00 in a report on Friday. Cormark boosted their price objective on National Bank of Canada from C$122.00 to C$128.00 in a research report on Thursday, August 29th. Finally, Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest purchased 325 shares of National Bank of Canada stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of C$117.24 per share, with a total value of C$38,103.00. Corporate insiders own 0.21% of the company’s stock.

National Bank of Canada Trading Up 0.3 %

National Bank of Canada stock opened at C$133.67 on Friday. National Bank of Canada has a 1-year low of C$87.92 and a 1-year high of C$135.00. The firm has a market capitalization of C$45.50 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The firm’s 50 day simple moving average is C$129.70 and its 200 day simple moving average is C$119.45.

National Bank of Canada (TSE:NA) last issued its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. The firm had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. Research analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $4.40 annualized dividend and a yield of 3.29%. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.