National Bank of Canada (TSE:NA) – Analysts at Cormark increased their Q2 2018 earnings per share estimates for shares of National Bank of Canada in a note issued to investors on Thursday, Zacks Investment Research reports. Cormark analyst M. Grauman now forecasts that the financial services provider will post earnings of $1.42 per share for the quarter, up from their prior forecast of $1.40. Cormark also issued estimates for National Bank of Canada’s Q3 2018 earnings at $1.51 EPS, FY2018 earnings at $5.96 EPS, Q1 2019 earnings at $1.53 EPS, Q2 2019 earnings at $1.53 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.64 EPS and FY2019 earnings at $6.30 EPS.
Several other brokerages also recently issued reports on NA. CSFB lifted their price target on shares of National Bank of Canada from C$61.00 to C$64.00 in a report on Friday, January 19th. BMO Capital Markets reissued a “market perform” rating and set a C$66.00 price target on shares of National Bank of Canada in a report on Tuesday, December 12th. Barclays downgraded shares of National Bank of Canada from an “overweight” rating to an “equal weight” rating in a report on Tuesday, December 19th. Scotiabank lifted their price target on shares of National Bank of Canada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a report on Monday, December 4th. Finally, Royal Bank of Canada lifted their price target on shares of National Bank of Canada from C$65.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. National Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of C$67.50.
National Bank of Canada (NA) traded up C$0.36 during trading hours on Friday, hitting C$63.43. 677,900 shares of the stock were exchanged, compared to its average volume of 1,080,000. National Bank of Canada has a one year low of C$51.41 and a one year high of C$65.68. The company has a market cap of $21,680.00, a P/E ratio of 11.53 and a beta of 0.87.
In other National Bank of Canada news, insider Lisa Swiderski sold 4,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of C$64.14, for a total value of C$256,560.00.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, March 26th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Friday, March 23rd. National Bank of Canada’s dividend payout ratio is presently 42.18%.
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About National Bank of Canada
National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.
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