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

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

NA has been the subject of several other reports. Cormark lifted their target price on shares of National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. CIBC cut National Bank of Canada from an “outperform” rating to a “neutral” rating in a report on Friday, September 20th. Royal Bank of Canada raised their target price on shares of National Bank of Canada from C$113.00 to C$116.00 in a research report on Thursday, August 29th. Desjardins upped their price target 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 report on Tuesday, August 6th. Finally, Canaccord Genuity Group lifted their price target on shares of National Bank of Canada from C$113.00 to C$123.00 in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$125.27.

National Bank of Canada Price Performance

The firm has a market capitalization of C$46.02 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52 week low of C$87.92 and a 52 week high of C$135.25. The company has a 50 day moving average of C$129.70 and a 200-day moving average of C$119.55.

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

National Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were issued a $1.10 dividend. The ex-dividend date was Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of ∞. National Bank of Canada’s dividend payout ratio (DPR) 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.