National Bank of Canada (TSE:NA) had its price objective hoisted by Desjardins from C$64.00 to C$66.00 in a report issued on Thursday. Desjardins also issued estimates for National Bank of Canada’s Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $5.95 EPS and FY2019 earnings at $6.35 EPS.

A number of other equities analysts have also weighed in on the company. CIBC decreased their target price on National Bank of Canada from C$69.00 to C$67.00 in a research report on Monday, June 11th. Cormark boosted their target price on National Bank of Canada from C$66.00 to C$67.00 in a research report on Thursday, May 31st. Eight Capital boosted their target price on National Bank of Canada from C$68.00 to C$70.00 in a research report on Thursday, May 31st. Barclays boosted their target price on National Bank of Canada from C$65.00 to C$67.00 in a research report on Thursday, May 31st. Finally, Royal Bank of Canada boosted their target price on National Bank of Canada from C$71.00 to C$73.00 and gave the stock an outperform rating in a research report on Thursday, May 31st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of C$68.36.

TSE:NA opened at C$65.13 on Thursday. National Bank of Canada has a twelve month low of C$54.58 and a twelve month high of C$65.95.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, May 30th. The financial services provider reported C$1.45 earnings per share for the quarter, beating the consensus estimate of C$1.41 by C$0.04. The business had revenue of C$1.75 billion for the quarter, compared to analysts’ expectations of C$1.71 billion. National Bank of Canada had a net margin of 30.45% and a return on equity of 18.84%.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Monday, September 24th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, September 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.81%.

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 Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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

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