National Bank of Canada (TSE:NA) Sets New 1-Year High – Time to Buy?

National Bank of Canada (TSE:NA) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$204.46 and last traded at C$204.30, with a volume of 42868 shares traded. The stock had previously closed at C$203.68.

Wall Street Analyst Weigh In

NA has been the topic of several analyst reports. Raymond James Financial increased their target price on National Bank of Canada from C$179.00 to C$200.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. National Bank Financial increased their target price on National Bank of Canada from C$183.00 to C$196.00 in a report on Thursday, March 5th. Barclays increased their target price on National Bank of Canada from C$177.00 to C$183.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Scotiabank increased their target price on National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, Jefferies Financial Group increased their target price on National Bank of Canada from C$165.00 to C$172.00 in a report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$190.27.

National Bank of Canada Stock Performance

The firm has a fifty day moving average price of C$185.77 and a 200-day moving average price of C$172.26. The company has a market capitalization of C$78.40 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 7.14 and a beta of 1.23.

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. The business had revenue of C$3.89 billion for the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%. On average, sell-side analysts forecast that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, May 1st will be paid a $1.24 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $4.96 annualized dividend and a yield of 2.4%. National Bank of Canada’s dividend payout ratio (DPR) 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.