National Bank of Canada (TSE:NA) Receives Average Recommendation of “Hold” from Analysts

National Bank of Canada (TSE:NA) has received an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$190.27.

Several analysts recently commented on the company. BMO Capital Markets boosted their price target on National Bank of Canada from C$177.00 to C$195.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce increased their price objective on National Bank of Canada from C$189.00 to C$193.00 in a research note on Thursday, February 26th. Canaccord Genuity Group cut their price objective on National Bank of Canada from C$191.00 to C$190.00 and set a “hold” rating for the company in a report on Monday, March 9th. Royal Bank Of Canada cut their price objective on National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Finally, Desjardins boosted their target price on shares of National Bank of Canada from C$182.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday, February 26th.

National Bank of Canada Stock Up 2.7%

Shares of NA opened at C$180.01 on Wednesday. The company has a 50-day moving average price of C$176.78 and a two-hundred day moving average price of C$167.43. The stock has a market cap of C$69.69 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 7.14 and a beta of 1.32. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$193.71.

National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%.The company had revenue of C$3.89 billion for the quarter. Equities research analysts expect that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, May 1st will be given a $1.24 dividend. The ex-dividend date is Monday, March 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.8%. National Bank of Canada’s payout ratio is 45.71%.

About National Bank of Canada

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.