Should I buy or sell National Bank of Canada stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for National Bank of Canada in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NA, but not buy additional shares or sell existing shares. View NA analyst ratings or view top-rated stocks .

What is National Bank of Canada's stock price target for 2024?

13 analysts have issued twelve-month price objectives for National Bank of Canada's stock. Their NA share price targets range from C$96.00 to C$121.00. On average, they anticipate the company's share price to reach C$108.00 in the next year. This suggests that the stock has a possible downside of 2.4%. View analysts price targets for NA or view top-rated stocks among Wall Street analysts .

How have NA shares performed in 2024?

National Bank of Canada's stock was trading at C$101.00 on January 1st, 2024. Since then, NA shares have increased by 9.6% and is now trading at C$110.70. View the best growth stocks for 2024 here .

When is National Bank of Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024. View our NA earnings forecast .

How were National Bank of Canada's earnings last quarter?

National Bank of Canada (TSE:NA) announced its earnings results on Wednesday, February, 28th. The financial services provider reported $2.59 earnings per share for the quarter, topping analysts' consensus estimates of $2.38 by $0.21. The financial services provider earned $2.71 billion during the quarter, compared to analyst estimates of $2.72 billion. National Bank of Canada had a trailing twelve-month return on equity of 14.73% and a net margin of 34.22%.

How often does National Bank of Canada pay dividends? What is the dividend yield for National Bank of Canada?

National Bank of Canada announced a quarterly dividend on Friday, March 22nd. Stockholders of record on Monday, March 25th will be given a dividend of 1.06 per share on Wednesday, May 1st. This represents a $4.24 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, March 22nd. Read our dividend analysis for NA .

Is National Bank of Canada a good dividend stock?

National Bank of Canada (TSE:NA) pays an annual dividend of C$4.24 per share and currently has a dividend yield of 3.70%. The dividend payout ratio is 44.63%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for NA .

What other stocks do shareholders of National Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some companies that other National Bank of Canada investors own include Intact Financial (IFC) , Constellation Software (CSU) , Alimentation Couche-Tard (ATD.B) , AutoCanada (ACQ) , Toronto-Dominion Bank (TD) , AbbVie (ABBV) , Vermilion Energy (VET) , Royal Bank of Canada (RY) , Bank of Nova Scotia (BNS) and Wheaton Precious Metals (WPM) .

How do I buy shares of National Bank of Canada?

Shares of NA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:NA

National Bank of Canada (NA) Stock Price, News & Analysis

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Free NA Stock Alerts

C$110.42

-0.27 (-0.24%)

(As of 01:25 PM ET)

Compare

Today's Range: C$109.75
▼
C$110.86
50-Day Range: C$101.24
▼
C$114.68
52-Week Range: C$84.27
▼
C$115.14

Volume: 245,635 shs
Average Volume: 1.67 million shs
Market Capitalization: C$37.45 billion

P/E Ratio: 11.62
Dividend Yield: 3.84%
Price Target: C$108.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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National Bank of Canada MarketRank™ Stock Analysis

Analyst Rating: Hold
2.08 Rating Score
Upside/Downside: 2.4% Downside
C$108.00 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.06
Based on 11 Articles This Week
Insider Trading: Acquiring Shares
C$34,156 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.52 out of 5 stars

2.0

Analyst's Opinion

Consensus Rating
National Bank of Canada has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 3 buy ratings, 8 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
National Bank of Canada has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for NA.

2.5

Dividend Strength

Dividend Leadership
National Bank of Canada is a leading dividend payer. It pays a dividend yield of 3.70%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
National Bank of Canada does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of National Bank of Canada is 44.63%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NA.

2.3

News and Social Media Coverage

News Sentiment
National Bank of Canada has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for National Bank of Canada this week, compared to 7 articles on an average week.
Search Interest
10 people have searched for NA on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added National Bank of Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, National Bank of Canada insiders have bought 216.90% more of their company's stock than they have sold. Specifically, they have bought C$34,156.00 in company stock and sold C$10,778.00 in company stock.
Percentage Held by Insiders
Only 0.20% of the stock of National Bank of Canada is held by insiders.
Percentage Held by Institutions
Only 35.03% of the stock of National Bank of Canada is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of National Bank of Canada is 11.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of National Bank of Canada is 11.65, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 456.01.
Price to Earnings Growth Ratio
National Bank of Canada has a PEG Ratio of 17.04. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
National Bank of Canada has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About National Bank of Canada Stock (TSE:NA)

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services. The Wealth Management segment provides full-service brokerage, private banking, direct brokerage, investment solutions, administrative and trade execution, transaction products, and trust and estate services. The Financial Markets segment offers corporate banking, advisory, and capital markets services; and project financing, debt, and equity underwriting; advisory services in the areas of mergers and acquisitions, and financing. The U.S. Specialty Finance and International segment provides specialty finance products; and personal and commercial banking in Cambodia. National Bank of Canada was founded in 1859 and is headquartered in Montreal, Canada.

NA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NA Stock News Headlines

March 16, 2024 | insidertrades.com

National Bank of Canada (TSE:NA) Senior Officer Sells C$10,778.50 in Stock

April 15, 2024 | finance.yahoo.com

National Bank of Canada Announces Conversion Rights and Dividend Rates for First Preferred Shares, Series 30 and 31 (NVCC)

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 15, 2024 | msn.com

Inflation likely rose in March, but not enough to change Bank of Canada's direction

April 13, 2024 | americanbankingnews.com

National Bank of Canada (TSE:NA) Stock Crosses Above 200-Day Moving Average of $98.96

April 12, 2024 | msn.com

Bank of England staff use ‘out-of-date’ software to make economic forecasts

April 12, 2024 | msn.com

TSX closes lower as Bank of Canada holds rate, U.S. markets fall on inflation report

April 12, 2024 | msn.com

Hackers steal $14.2M from Alberta-based bank, sparking court battle with B.C. crypto firm

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 11, 2024 | finance.yahoo.com

Canada Opens Mortgage Market to 30-Year Loans for Homebuyers

April 11, 2024 | msn.com

Interest rates hold steady again, Bank of Canada considers June cut

April 10, 2024 | msn.com

Bank of Canada holds key rate, but signals June cut in ‘realm of possibilities’

April 10, 2024 | msn.com

BREAKING: Bank of Canada holds key interest rate at 5%

April 9, 2024 | msn.com

Posthaste: Bank of Canada expected to hold rates, but open the door to cuts

April 9, 2024 | msn.com

Spring housing market looms over the Bank of Canada’s rate decision. Here’s why

April 8, 2024 | msn.com

Canada’s ETF Market Rebounds After Record Number Of Delistings

April 8, 2024 | msn.com

S&P/TSX edges lower, U.S. stock markets mixed ahead of busy week

April 8, 2024 | finance.yahoo.com

CANADA STOCKS-TSX ends flat as gold stocks drop, mood cautious ahead of rate decision

April 8, 2024 | financialpost.com

Canada's housing market a 'coiled spring' as its waits on Bank of Canada for interest-rate clarity

April 7, 2024 | theglobeandmail.com

Bank of Canada expected to remain on hold this week, but could signal policy shift

April 6, 2024 | msn.com

Royal Bank of Canada fires CFO over undisclosed relationship

April 6, 2024 | americanbankingnews.com

National Bank of Canada (TSE:NA) Price Target Raised to C$121.00 at BMO Capital Markets

April 4, 2024 | msn.com

REFILE-Canadian lender RBC's CEO says City National will be a 'net contributor'

April 4, 2024 | msn.com

Philip Cross: Bank of Canada's Carolyn Rogers is right. Weak productivity is a national crisis

April 3, 2024 | msn.com

Atlantica Sustainable cut at National Bank on lack of clarity on strategic direction

April 3, 2024 | fool.com

Chase vs. U.S. Bank: Which Bank Is Right for You?

April 2, 2024 | msn.com

2024 Augusta National Women’s Amateur | Monday Updates

See More Headlines

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Company Calendar

Ex-Dividend for 2/1 Dividend: 12/21/2023
Dividend Payable: 2/01/2024
Last Earnings: 2/28/2024
Ex-Dividend for 5/1 Dividend: 3/22/2024
Today: 4/16/2024
Dividend Payable: 5/01/2024
Next Earnings (Estimated): 5/29/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Banks - Diversified
Sub-Industry: N/A
Current Symbol: TSE:NA
CUSIP: N/A
CIK: N/A
Web: www.nbc.ca
Phone: +1-514-3946751
Fax: N/A
Employees: 28,730
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$108.00
High Stock Price Target: C$121.00
Low Stock Price Target: C$96.00
Potential Upside/Downside: -2.4%
Consensus Rating: Hold
Rating Score (0-4): 2.08
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$9.50
Trailing P/E Ratio: 11.65
Forward P/E Ratio: 11.23
P/E Growth: 17.04
Net Income: C$3.24 billion
Net Margins: 34.22%
Pretax Margin: N/A
Return on Equity: 14.73%
Return on Assets: 0.79%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: C$9.89 billion
Price / Sales: 3.79
Cash Flow: C$547.50 per share
Price / Cash Flow: 0.20
Book Value: C$65.60 per share
Price / Book: 1.69

Miscellaneous

Outstanding Shares: 339,170,000
Free Float: N/A
Market Cap: C$37.53 billion
Optionable: Not Optionable
Beta: 1.11

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Key Executives

Mr. Laurent Ferreira (Age 53)
President, CEO & Director
Comp: $2.87M
Ms. Marie Chantal Gingras
CFO & Executive VP of Finance
Ms. Lucie Blanchet
Executive Vice-President of Personal Banking & Client Experience
Mr. Etienne Dubuc
Executive VP, Head of Fin. Markets, Co-President & Co-CEO of National Bank Financial
Ms. Julie Levesque
Executive Vice-President of Technology & Operations
Marianne Ratte
VP & Head of Investor Relations
Ms. Nicole Rondou
Vice President of Compliance
Dominic Paradis
Senior VP of Legal Affairs & Corporate Secretary
Claude Breton
Vice-President of Communications & Corporate Social Responsibility
Ms. Brigitte Hebert
Head of Employee Experience & Executive VP of Employee Experience

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy National Bank of Canada Stock? NA Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in National Bank of Canada:

National Bank of Canada operates through four segments, including Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International, providing diversified revenue streams.
The company offers a wide range of financial services to individuals, businesses, institutional clients, and governments in Canada and internationally, showcasing a broad customer base.
Recent price target upgrades by investment analysts indicate positive sentiment towards the stock, potentially leading to price appreciation.
The consensus rating of "Hold" with a consensus price target of C$107.00 suggests stability and potential growth in the stock value.
National Bank of Canada has a long-standing history since its founding in 1859, indicating stability and experience in the financial industry.

Cons

Investors should be bearish about investing in National Bank of Canada for these reasons:

The stock has received a "hold" rating from analysts, indicating a lack of strong buy signals and potential limited short-term growth.
Two investment analysts have rated the stock with a sell rating, suggesting some concerns about the company's performance or outlook.
Despite the positive aspects, the stock may face volatility in the market due to external factors impacting the financial industry.
Investors should carefully consider the competitive landscape and regulatory environment in which National Bank of Canada operates to assess potential risks.
Market conditions and economic factors could influence the stock price of National Bank of Canada, requiring a thorough risk assessment before investment.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these National Bank of Canada pros and cons to contact@marketbeat.com.

NA Stock Analysis - Frequently Asked Questions

Should I buy or sell National Bank of Canada stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for National Bank of Canada in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NA, but not buy additional shares or sell existing shares.
View NA analyst ratings or view top-rated stocks.
What is National Bank of Canada's stock price target for 2024?: 13 analysts have issued twelve-month price objectives for National Bank of Canada's stock. Their NA share price targets range from C$96.00 to C$121.00. On average, they anticipate the company's share price to reach C$108.00 in the next year. This suggests that the stock has a possible downside of 2.4%.
View analysts price targets for NA or view top-rated stocks among Wall Street analysts.
How have NA shares performed in 2024?: National Bank of Canada's stock was trading at C$101.00 on January 1st, 2024. Since then, NA shares have increased by 9.6% and is now trading at C$110.70.
View the best growth stocks for 2024 here.
When is National Bank of Canada's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our NA earnings forecast.
How were National Bank of Canada's earnings last quarter?: National Bank of Canada (TSE:NA) announced its earnings results on Wednesday, February, 28th. The financial services provider reported $2.59 earnings per share for the quarter, topping analysts' consensus estimates of $2.38 by $0.21. The financial services provider earned $2.71 billion during the quarter, compared to analyst estimates of $2.72 billion. National Bank of Canada had a trailing twelve-month return on equity of 14.73% and a net margin of 34.22%.

How often does National Bank of Canada pay dividends? What is the dividend yield for National Bank of Canada?: National Bank of Canada announced a quarterly dividend on Friday, March 22nd. Stockholders of record on Monday, March 25th will be given a dividend of 1.06 per share on Wednesday, May 1st. This represents a $4.24 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, March 22nd.
Read our dividend analysis for NA.
Is National Bank of Canada a good dividend stock?: National Bank of Canada (TSE:NA) pays an annual dividend of C$4.24 per share and currently has a dividend yield of 3.70%. The dividend payout ratio is 44.63%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NA.
What other stocks do shareholders of National Bank of Canada own?: Based on aggregate information from My MarketBeat watchlists, some companies that other National Bank of Canada investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Toronto-Dominion Bank (TD), AbbVie (ABBV), Vermilion Energy (VET), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS) and Wheaton Precious Metals (WPM).
How do I buy shares of National Bank of Canada?: Shares of NA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:NA) was last updated on 4/16/2024 by MarketBeat.com Staff

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National Bank of Canada (NA) Stock Price, News & Analysis

National Bank of Canada MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About National Bank of Canada Stock (TSE:NA)

NA Stock Price History

NA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy National Bank of Canada Stock? NA Pros and Cons Explained

Pros

Cons

NA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™