National Bank of Canada (TSE:NA – Get Free Report) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$201.08.
A number of brokerages recently weighed in on NA. Desjardins raised their price target on shares of National Bank of Canada from C$215.00 to C$217.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Raymond James Financial lowered their target price on National Bank of Canada from C$206.50 to C$203.00 and set a “market perform” rating for the company in a research note on Thursday, May 28th. TD boosted their target price on National Bank of Canada from C$182.00 to C$202.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Canaccord Genuity Group raised their price target on National Bank of Canada from C$205.00 to C$224.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce lifted their price objective on National Bank of Canada from C$209.00 to C$221.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th.
Get Our Latest Stock Analysis on NA
National Bank of Canada Stock Performance
National Bank of Canada (TSE:NA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. The firm had revenue of C$3.91 billion for the quarter. As a group, analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.
National Bank of Canada Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Stockholders of record on Saturday, August 1st will be given a dividend of $1.32 per share. The ex-dividend date is Monday, June 29th. This represents a $5.28 annualized dividend and a dividend yield of 2.3%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.24. National Bank of Canada’s dividend payout ratio is presently 42.83%.
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.
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