National Bank of Canada (TSE:NA – Free Report) – Equities researchers at Desjardins increased their FY2024 EPS estimates for National Bank of Canada in a research note issued on Friday, November 1st. Desjardins analyst D. Young now anticipates that the financial services provider will earn $10.40 per share for the year, up from their previous forecast of $10.35. Desjardins currently has a “Hold” rating and a $118.00 target price on the stock. The consensus estimate for National Bank of Canada’s current full-year earnings is $10.84 per share. Desjardins also issued estimates for National Bank of Canada’s Q4 2024 earnings at $2.59 EPS and FY2026 earnings at $11.45 EPS.
A number of other research firms also recently issued reports on NA. Royal Bank of Canada raised their price objective on shares of National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. TD Securities raised their price objective on shares of National Bank of Canada from C$123.00 to C$129.00 in a report on Thursday, August 29th. Canaccord Genuity Group increased their target price on shares of National Bank of Canada from C$113.00 to C$123.00 in a research report on Thursday, August 29th. Jefferies Financial Group increased their target price on shares of National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday, August 29th. Finally, Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold” and an average target price of C$122.64.
National Bank of Canada Stock Performance
TSE NA opened at C$132.40 on Monday. National Bank of Canada has a 52-week low of C$86.96 and a 52-week high of C$134.23. The company has a 50-day simple moving average of C$127.77 and a 200 day simple moving average of C$118.10. The company has a market capitalization of C$45.07 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.
National Bank of Canada (TSE:NA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The business had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion.
National Bank of Canada Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were given a $1.10 dividend. The ex-dividend date was Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.32%. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.84%.
Insider Activity
In other news, Director Yvon Charest acquired 325 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. 0.21% of the stock is owned by company insiders.
National Bank of Canada Company Profile
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.
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