National Bank of Canada (TSE:NA) – Cormark increased their Q4 2017 earnings per share estimates for National Bank of Canada in a research note issued on Wednesday. Cormark analyst M. Grauman now expects that the financial services provider will post earnings of $1.36 per share for the quarter, up from their prior estimate of $1.34. Cormark also issued estimates for National Bank of Canada’s Q2 2018 earnings at $1.37 EPS.
National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, May 31st. The financial services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.03. National Bank of Canada had a net margin of 30.31% and a return on equity of 17.47%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion.
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A number of other analysts also recently commented on the company. Barclays PLC raised National Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 23rd. Eight Capital boosted their price objective on National Bank of Canada from C$60.00 to C$62.00 in a research note on Thursday, June 1st. BMO Capital Markets lifted their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the stock a “market perform” rating in a report on Thursday. Scotiabank lifted their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the stock an “outperform” rating in a report on Monday, August 21st. Finally, Canaccord Genuity lifted their target price on National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$60.75.
National Bank of Canada (TSE NA) opened at 57.15 on Thursday. The company’s 50 day moving average is $56.00 and its 200 day moving average is $55.37. National Bank of Canada has a 12-month low of $45.11 and a 12-month high of $59.12. The company has a market cap of $19.52 billion and a price-to-earnings ratio of 12.10.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, September 25th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.06%.
In other news, Director Andrée Savoie bought 650 shares of the stock in a transaction on Monday, June 5th. The shares were purchased at an average price of C$53.67 per share, for a total transaction of C$34,885.50.
National Bank of Canada Company Profile
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