National Bank of Canada (TSE:NA) Given New C$179.00 Price Target at Raymond James Financial

National Bank of Canada (TSE:NA) had its target price increased by Raymond James Financial from C$173.00 to C$179.00 in a research report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on NA. Scotiabank increased their target price on shares of National Bank of Canada from C$184.00 to C$188.00 in a research report on Friday, January 9th. BMO Capital Markets upped their price target on shares of National Bank of Canada from C$172.00 to C$177.00 in a research note on Wednesday, December 17th. Canadian Imperial Bank of Commerce upgraded National Bank of Canada from a “hold” rating to an “outperform” rating and increased their price objective for the stock from C$179.00 to C$189.00 in a report on Friday, February 13th. Barclays lifted their price objective on National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a research report on Monday, November 24th. Finally, Jefferies Financial Group upped their target price on National Bank of Canada from C$156.00 to C$165.00 in a research report on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, National Bank of Canada has a consensus rating of “Hold” and an average price target of C$169.42.

National Bank of Canada Price Performance

TSE:NA opened at C$172.83 on Tuesday. The stock has a market cap of C$67.46 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$177.54. The stock’s 50-day moving average is C$171.09 and its two-hundred day moving average is C$159.99.

National Bank of Canada (TSE:NA) last posted its quarterly 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 business had revenue of C$3.70 billion during the quarter. On average, equities research analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Sunday, February 1st were issued a $1.24 dividend. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. This represents a $4.96 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, December 29th. National Bank of Canada’s dividend payout ratio 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.