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

National Bank of Canada (TSE:NAGet 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:NAGet 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

(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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