National Bank of Canada (TSE:NA) Given Consensus Rating of “Hold” by Brokerages

Shares of National Bank of Canada (TSE:NA) have received a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$166.17.

A number of research firms recently issued reports on NA. Desjardins lifted their price objective on National Bank of Canada from C$175.00 to C$180.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Scotiabank lifted their price target on National Bank of Canada from C$184.00 to C$188.00 in a report on Friday, January 9th. TD Securities boosted their price target on National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a research note on Thursday, December 4th. Raymond James Financial raised their price objective on shares of National Bank of Canada from C$168.00 to C$173.00 and gave the company a “market perform” rating in a research report on Thursday, December 4th. Finally, Canaccord Genuity Group lifted their target price on shares of National Bank of Canada from C$160.00 to C$166.00 in a research note on Thursday, December 4th.

National Bank of Canada Stock Performance

Shares of NA opened at C$163.94 on Tuesday. The company has a market capitalization of C$63.99 billion, a PE ratio of 16.28, a PEG ratio of 7.14 and a beta of 1.15. The company’s 50 day moving average price is C$170.76 and its 200 day moving average price is C$157.89. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$177.54.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. The company had revenue of C$3.70 billion during the quarter. On average, equities 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 announced a quarterly dividend, which was paid on Sunday, February 1st. Shareholders of record on Sunday, February 1st were given a dividend of $1.24 per share. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.18. This represents a $4.96 annualized dividend and a yield of 3.0%. National Bank of Canada’s dividend payout ratio (DPR) is currently 46.08%.

National Bank of Canada Company Profile

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.