National Bank of Canada (TSE:NA) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$86.10.

A number of research analysts have issued reports on the stock. TD Securities increased their target price on shares of National Bank of Canada from C$79.00 to C$85.00 and gave the stock a “hold” rating in a research report on Thursday, February 25th. Scotiabank increased their target price on shares of National Bank of Canada from C$89.00 to C$98.00 in a research report on Thursday, February 25th. Royal Bank of Canada increased their target price on shares of National Bank of Canada from C$81.00 to C$88.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 25th. BMO Capital Markets upgraded shares of National Bank of Canada from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$77.00 to C$88.00 in a research report on Thursday, February 25th. Finally, Credit Suisse Group increased their price objective on shares of National Bank of Canada to C$85.00 and gave the company a “na” rating in a research note on Monday, March 1st.

Shares of NA opened at C$87.75 on Friday. National Bank of Canada has a 52 week low of C$50.03 and a 52 week high of C$89.12. The firm has a market cap of C$29.55 billion and a P/E ratio of 14.19. The firm’s 50-day simple moving average is C$86.12 and its 200 day simple moving average is C$74.89.

National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Wednesday, February 24th. The financial services provider reported C$2.15 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.67 by C$0.48. The company had revenue of C$2.22 billion during the quarter, compared to analyst estimates of C$2.04 billion. Analysts anticipate that National Bank of Canada will post 7.9200006 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, May 1st. Stockholders of record on Monday, March 29th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, March 26th. National Bank of Canada’s dividend payout ratio (DPR) is presently 45.94%.

In other National Bank of Canada news, Senior Officer Marc Knuepp sold 9,988 shares of the firm’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of C$85.47, for a total value of C$853,637.40. Following the completion of the sale, the insider now directly owns 698 shares in the company, valued at C$59,655.48.

National Bank of Canada Company Profile

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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Analyst Recommendations for National Bank of Canada (TSE:NA)

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