FY2022 EPS Estimates for National Bank of Canada Lifted by Analyst (TSE:NA)

National Bank of Canada (TSE:NA) – Research analysts at National Bank Financial lifted their FY2022 earnings estimates for shares of National Bank of Canada in a note issued to investors on Monday, November 22nd. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $9.22 per share for the year, up from their prior estimate of $9.14. National Bank Financial also issued estimates for National Bank of Canada’s FY2023 earnings at $9.53 EPS.

Several other analysts have also issued reports on NA. Barclays lowered National Bank of Canada to a “sell” rating and set a C$100.00 price objective for the company. in a report on Monday, November 15th. CSFB increased their price objective on National Bank of Canada from C$106.00 to C$110.00 in a report on Wednesday, September 1st. Piper Sandler upgraded National Bank of Canada from a “neutral” rating to an “overweight” rating and set a C$40.00 price objective for the company in a report on Monday, September 20th. CIBC increased their price objective on National Bank of Canada from C$102.00 to C$112.00 in a report on Monday. Finally, Cormark raised their target price on National Bank of Canada from C$109.00 to C$112.00 and gave the company a “buy” rating in a report on Thursday, August 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$100.23.

Shares of TSE:NA opened at C$104.04 on Wednesday. National Bank of Canada has a 1 year low of C$70.81 and a 1 year high of C$106.10. The business has a fifty day simple moving average of C$101.66 and a 200 day simple moving average of C$97.24. The firm has a market cap of C$35.12 billion and a price-to-earnings ratio of 12.79.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, August 25th. The financial services provider reported C$2.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.08 by C$0.28. The firm had revenue of C$2.25 billion for the quarter, compared to analysts’ expectations of C$2.17 billion.

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 four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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Earnings History and Estimates for National Bank of Canada (TSE:NA)

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