TD Securities Cuts National Bank of Canada (TSE:NA) Price Target to C$175.00

National Bank of Canada (TSE:NA) had its target price reduced by TD Securities from C$181.00 to C$175.00 in a research report report published on Monday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Barclays raised their price objective on National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a research note on Monday, November 24th. Canaccord Genuity Group increased their price target on National Bank of Canada from C$160.00 to C$166.00 in a research report on Thursday, December 4th. Royal Bank Of Canada lifted their price target on National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Scotiabank boosted their price objective on National Bank of Canada from C$184.00 to C$188.00 in a report on Friday, January 9th. Finally, BMO Capital Markets raised their target price on shares of National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, National Bank of Canada currently has an average rating of “Hold” and a consensus price target of C$166.92.

National Bank of Canada Trading Up 0.1%

TSE:NA opened at C$173.41 on Monday. The company has a 50-day moving average of C$170.95 and a 200-day moving average of C$159.06. The firm has a market cap of C$67.68 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$177.54.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. The business had revenue of C$3.70 billion for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. On average, research analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Stockholders of record on Sunday, February 1st were paid a dividend of $1.24 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend was Monday, December 29th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.9%. National Bank of Canada’s dividend payout ratio (DPR) is 46.08%.

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.