National Bank of Canada (TSE:NA) Given Average Rating of “Moderate Buy” by Analysts

National Bank of Canada (TSE:NA – Get Rating) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$101.19.

A number of equities analysts recently issued reports on NA shares. TD Securities increased their price target on shares of National Bank of Canada from C$100.00 to C$105.00 and gave the stock a “hold” rating in a research note on Monday, May 30th. Credit Suisse Group started coverage on shares of National Bank of Canada in a research note on Friday, May 20th. They issued a “buy” rating and a C$106.00 price target for the company. Royal Bank of Canada raised their target price on shares of National Bank of Canada from C$103.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Monday, May 30th. CSFB set a C$106.00 target price on shares of National Bank of Canada and gave the company an “outperform” rating in a research note on Friday, May 20th. Finally, Barclays raised their target price on shares of National Bank of Canada to C$93.00 and gave the company an “equal weight” rating in a research note on Monday, May 30th.

National Bank of Canada Price Performance

NA stock opened at C$91.13 on Friday. National Bank of Canada has a 1 year low of C$82.38 and a 1 year high of C$106.10. The company has a market cap of C$30.66 billion and a P/E ratio of 9.35. The firm has a 50-day moving average of C$89.07 and a 200 day moving average of C$94.20.

National Bank of Canada (TSE:NA – Get Rating) last released its quarterly earnings results on Friday, May 27th. The financial services provider reported C$2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.21 by C$0.34. The company had revenue of C$2.44 billion during the quarter. On average, equities research analysts expect that National Bank of Canada will post 9.7999999 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, June 27th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, June 24th. This represents a $3.68 annualized dividend and a dividend yield of 4.04%. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.87. National Bank of Canada’s dividend payout ratio (DPR) is 32.41%.

National Bank of Canada Company Profile

(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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