National Bank of Canada (TSE:NA) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$67.30.
A number of equities analysts have issued reports on NA shares. Barclays reduced their price target on shares of National Bank of Canada from C$69.00 to C$65.00 in a research report on Friday, November 16th. Canaccord Genuity reduced their price target on shares of National Bank of Canada from C$69.00 to C$64.00 in a research report on Thursday, November 22nd. TD Securities reduced their price target on shares of National Bank of Canada from C$72.00 to C$68.00 and set a “hold” rating for the company in a research report on Thursday, December 6th. Eight Capital reduced their price target on shares of National Bank of Canada from C$70.00 to C$69.00 in a research report on Thursday, December 6th. Finally, Desjardins dropped their price objective on shares of National Bank of Canada from C$64.00 to C$62.00 in a research note on Tuesday, December 11th.
In related news, Director Lino Anthony Saputo purchased 1,100 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were purchased at an average price of C$58.50 per share, with a total value of C$64,350.00. Also, insider Ricardo Pascoe sold 56,392 shares of National Bank of Canada stock in a transaction on Friday, December 21st. The shares were sold at an average price of C$56.39, for a total transaction of C$3,179,764.43. Insiders have sold a total of 366,812 shares of company stock worth $21,339,116 in the last ninety days.
NA traded up C$0.40 during trading on Wednesday, reaching C$62.19. 886,800 shares of the company’s stock were exchanged, compared to its average volume of 1,007,082. National Bank of Canada has a 1 year low of C$54.37 and a 1 year high of C$65.95. The firm has a market capitalization of $20.87 billion and a PE ratio of 10.47.
National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, December 5th. The financial services provider reported C$1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.51 by C$0.02. The business had revenue of C$1.81 billion for the quarter, compared to analysts’ expectations of C$1.81 billion. As a group, equities research analysts anticipate that National Bank of Canada will post 6.83000020756875 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 1st. Stockholders of record on Monday, December 31st were paid a dividend of $0.65 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, December 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.18%. National Bank of Canada’s dividend payout ratio (DPR) is presently 43.77%.
About National Bank of Canada
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
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