National Bank of Canada (TSE:NA) Price Target Cut to C$110.00 by Analysts at CIBC

National Bank of Canada (TSE:NA – Get Rating) had its price target lowered by CIBC from C$112.00 to C$110.00 in a research note released on Tuesday, BayStreet.CA reports.

NA has been the subject of several other reports. CSFB lifted their price target on National Bank of Canada from C$113.00 to C$116.00 in a research report on Tuesday. Veritas Investment Research reiterated a buy rating on shares of National Bank of Canada in a research report on Monday, February 27th. Scotiabank reduced their price target on National Bank of Canada from C$115.00 to C$111.00 in a research report on Friday, February 17th. Barclays reduced their price target on National Bank of Canada from C$98.00 to C$82.00 in a research report on Tuesday, May 9th. Finally, Royal Bank of Canada dropped their price objective on National Bank of Canada from C$111.00 to C$108.00 in a report on Monday, March 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$105.32.

National Bank of Canada Stock Down 0.6 %

Shares of TSE:NA opened at C$102.08 on Tuesday. National Bank of Canada has a 52-week low of C$82.16 and a 52-week high of C$104.83. The stock has a market cap of C$34.43 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.02 and a beta of 1.10. The business has a 50-day moving average price of C$98.34 and a 200-day moving average price of C$97.35.

National Bank of Canada (TSE:NA – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The financial services provider reported C$2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.41 by C$0.15. The firm had revenue of C$2.58 billion during the quarter, compared to analysts’ expectations of C$2.62 billion. National Bank of Canada had a return on equity of 16.00% and a net margin of 34.98%. As a group, equities analysts anticipate that National Bank of Canada will post 9.8509804 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, March 27th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.80%. The ex-dividend date was Friday, March 24th. National Bank of Canada’s dividend payout ratio is presently 41.01%.

About National Bank of Canada

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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.