National Bank of Canada (TSE:NA – Get Rating) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$103.79.
Several equities research analysts have issued reports on the company. Cormark increased their target price on National Bank of Canada from C$118.00 to C$123.00 and gave the stock a “buy” rating in a research report on Monday, February 28th. CIBC dropped their target price on National Bank of Canada from C$110.00 to C$108.00 in a research report on Wednesday, March 9th. Canaccord Genuity Group increased their target price on National Bank of Canada from C$108.00 to C$109.00 in a research report on Thursday, February 17th. TD Securities increased their target price on National Bank of Canada from C$105.00 to C$110.00 in a research report on Tuesday, February 15th. Finally, BMO Capital Markets upped their price target on shares of National Bank of Canada from C$104.00 to C$108.00 in a report on Monday, February 28th.
In related news, Director Yvon Charest acquired 277 shares of the stock in a transaction on Friday, February 18th. The stock was acquired at an average cost of C$103.27 per share, for a total transaction of C$28,605.79. Following the completion of the acquisition, the director now directly owns 14,718 shares of the company’s stock, valued at approximately C$1,519,927.86.
National Bank of Canada (TSE:NA – Get Rating) last posted its quarterly earnings data on Friday, February 25th. The financial services provider reported C$2.65 EPS for the quarter, beating the consensus estimate of C$2.23 by C$0.42. The firm had revenue of C$2.47 billion during the quarter. On average, sell-side analysts expect that National Bank of Canada will post 9.7300001 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, May 1st. Stockholders of record on Monday, March 28th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, March 25th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.69%. National Bank of Canada’s dividend payout ratio is currently 31.71%.
About National Bank of Canada (Get Rating)
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.
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