TD Securities Raises National Bank of Canada (TSE:NA) Price Target to C$140.00

National Bank of Canada (TSE:NA) had its price target lifted by TD Securities from C$129.00 to C$140.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other research analysts also recently weighed in on NA. CIBC downgraded National Bank of Canada from an “outperform” rating to a “neutral” rating in a research note on Friday, September 20th. Cormark boosted their target price on shares of National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. Royal Bank of Canada increased their price target on shares of National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday, August 29th. Desjardins boosted their price objective on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, National Bank of Canada currently has a consensus rating of “Hold” and an average price target of C$123.64.

National Bank of Canada Stock Performance

TSE NA opened at C$133.67 on Friday. National Bank of Canada has a 52-week low of C$87.92 and a 52-week high of C$135.00. The business has a 50 day simple moving average of C$129.70 and a 200 day simple moving average of C$119.55. The stock has a market cap of C$45.50 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The firm had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. On average, analysts predict that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Friday, September 27th. National Bank of Canada’s dividend payout ratio is 42.84%.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.