National Bank of Canada (TSE:NA) Receives Consensus Recommendation of “Hold” from Brokerages

National Bank of Canada (TSE:NA) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$165.83.

NA has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Barclays increased their price objective on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. BMO Capital Markets boosted 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. Royal Bank Of Canada increased their price target on National Bank of Canada from C$149.00 to C$163.00 in a report on Thursday, December 4th. Finally, Desjardins lifted their price objective on National Bank of Canada from C$180.00 to C$182.00 and gave the stock a “buy” rating in a research report on Monday.

National Bank of Canada Trading Up 1.9%

Shares of NA opened at C$172.26 on Tuesday. The company has a market capitalization of C$67.23 billion, a PE ratio of 17.11, a PEG ratio of 7.14 and a beta of 1.05. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$177.54. The stock’s 50-day moving average price is C$170.81 and its two-hundred day moving average price is C$158.76.

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

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Shareholders of record on Sunday, February 1st were paid a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 2.9%. 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. National Bank of Canada’s payout ratio is presently 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.