National Bank of Canada (TSE:NA) – Research analysts at National Bank Financial raised their Q1 2019 EPS estimates for National Bank of Canada in a report issued on Wednesday, December 5th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $1.58 per share for the quarter, up from their previous estimate of $1.56. National Bank Financial also issued estimates for National Bank of Canada’s Q2 2019 earnings at $1.53 EPS.
Several other research analysts have also recently weighed in on NA. Desjardins upped their price objective on National Bank of Canada from C$64.00 to C$66.00 in a research report on Thursday, August 30th. Barclays increased their price target on National Bank of Canada from C$67.00 to C$69.00 in a research report on Thursday, August 30th. Canaccord Genuity cut National Bank of Canada from a “buy” rating to a “hold” rating and set a C$69.00 price target for the company. in a research report on Thursday, August 30th. TD Securities reduced their price target on National Bank of Canada from C$72.00 to C$68.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Eight Capital reduced their price target on National Bank of Canada from C$70.00 to C$69.00 in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$67.36.
NA stock opened at C$58.96 on Friday. National Bank of Canada has a fifty-two week low of C$57.58 and a fifty-two week high of C$65.95.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Monday, December 31st will be given a dividend of $0.65 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 4.41%. National Bank of Canada’s dividend payout ratio is 42.69%.
In related news, Director Louis Vachon sold 12,200 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of C$65.04, for a total transaction of C$793,488.00. Insiders have sold 86,200 shares of company stock valued at $5,604,116 over the last three months.
National Bank of Canada Company Profile
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
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