FY2016 EPS Estimates for National Bank of Canada Lifted by Analyst (NA)
National Bank of Canada (TSE:NA) – Equities research analysts at Cormark increased their FY2016 EPS estimates for shares of National Bank of Canada in a research report issued to clients and investors on Wednesday. Cormark analyst M. Grauman now expects that the brokerage will post earnings of $4.20 per share for the year, up from their previous estimate of $4.18. Cormark also issued estimates for National Bank of Canada’s Q4 2016 earnings at $1.22 EPS, FY2017 earnings at $5.18 EPS and FY2018 earnings at $5.43 EPS.
NA has been the topic of a number of other research reports. Dundee Securities reiterated a “neutral” rating and set a C$51.00 price target on shares of National Bank of Canada in a report on Wednesday, September 21st. TD Securities increased their price target on shares of National Bank of Canada from C$47.00 to C$48.00 and gave the company a “hold” rating in a report on Friday, October 28th. Scotiabank increased their price target on shares of National Bank of Canada from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Tuesday, September 20th. Desjardins increased their price target on shares of National Bank of Canada from C$44.00 to C$45.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Finally, Barclays PLC increased their price target on shares of National Bank of Canada from C$41.00 to C$45.00 and gave the company an “equal weight” rating in a report on Wednesday, August 17th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. National Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$49.42.
Shares of National Bank of Canada (TSE:NA) opened at 47.71 on Friday. The firm’s 50-day moving average is $46.70 and its 200-day moving average is $45.36. National Bank of Canada has a one year low of $34.86 and a one year high of $48.34. The company has a market cap of $16.11 billion and a PE ratio of 13.79.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, September 26th were given a $0.55 dividend. The ex-dividend date was Thursday, September 22nd. This represents a $2.20 annualized dividend and a yield of 4.61%.
About National Bank of Canada
National Bank of Canada (the Bank) is an integrated provider of financial services to retail, commercial, corporate and institutional clients. The Bank offers a range of services that include banking and investment solutions, securities brokerage, insurance and wealth management. The Bank operates in three business segments: Personal and Commercial, Wealth Management and Financial Markets.
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