National Bank of Canada (TSE:NA) Stock Rating Reaffirmed by Cormark

Cormark reiterated their market perform rating on shares of National Bank of Canada (TSE:NA – Get Rating) in a report issued on Tuesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. CSFB raised their target price on shares of National Bank of Canada from C$113.00 to C$116.00 in a research note on Tuesday, May 16th. Canaccord Genuity Group raised their price objective on shares of National Bank of Canada from C$102.00 to C$104.50 in a research report on Thursday, March 2nd. Royal Bank of Canada lowered their price objective on shares of National Bank of Canada from C$111.00 to C$108.00 in a research report on Monday, March 27th. Scotiabank reduced their price objective on National Bank of Canada from C$115.00 to C$111.00 in a research report on Friday, February 17th. Finally, CIBC reduced their price objective on National Bank of Canada from C$112.00 to C$110.00 in a research report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, National Bank of Canada has a consensus rating of Hold and an average target price of C$105.32.

National Bank of Canada Price Performance

TSE:NA opened at C$101.28 on Tuesday. The company has a market cap of C$34.16 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.02 and a beta of 1.11. National Bank of Canada has a 1 year low of C$82.16 and a 1 year high of C$104.83. The stock’s fifty day moving average price is C$98.47 and its two-hundred day moving average price is C$97.69.

National Bank of Canada (TSE:NA – Get Rating) last posted its earnings results 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. National Bank of Canada had a net margin of 34.98% and a return on equity of 16.00%. The business had revenue of C$2.58 billion for the quarter, compared to analysts’ expectations of C$2.62 billion. On average, analysts expect that National Bank of Canada will post 10.0705882 earnings per share 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 given a $0.97 dividend. The ex-dividend date was Friday, March 24th. This represents a $3.88 annualized dividend and a yield of 3.83%. National Bank of Canada’s payout ratio is currently 41.01%.

About National Bank of Canada

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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.