Cormark restated their market perform rating on shares of National Bank of Canada (TSE:NA – Get Rating) in a research note issued to investors on Tuesday morning, BayStreet.CA reports. Cormark also issued estimates for National Bank of Canada’s Q2 2023 earnings at $2.41 EPS, FY2023 earnings at $9.76 EPS and FY2024 earnings at $10.24 EPS.
Several other research analysts also recently commented on the company. Scotiabank dropped their price target on National Bank of Canada from C$115.00 to C$111.00 in a research report on Friday, February 17th. Veritas Investment Research reaffirmed a buy rating on shares of National Bank of Canada in a research report on Monday, February 27th. Canaccord Genuity Group increased their price target on shares of National Bank of Canada from C$102.00 to C$104.50 in a report on Thursday, March 2nd. CIBC decreased their price target on shares of National Bank of Canada from C$112.00 to C$110.00 in a research report on Tuesday, May 16th. Finally, CSFB upped their price objective on shares of National Bank of Canada from C$113.00 to C$116.00 in a research report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, National Bank of Canada currently has a consensus rating of Hold and a consensus price target of C$105.32.
National Bank of Canada Trading Up 0.1 %
NA opened at C$99.24 on Tuesday. The stock has a fifty day moving average price of C$98.57 and a 200 day moving average price of C$97.71. National Bank of Canada has a 1 year low of C$82.16 and a 1 year high of C$104.83. The stock has a market cap of C$33.47 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 1.02 and a beta of 1.11.
National Bank of Canada Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, March 27th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Friday, March 24th. National Bank of Canada’s dividend payout ratio is presently 41.01%.
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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