National Bank of Canada (TSE:NA) – Equities research analysts at Desjardins lifted their FY2018 earnings per share estimates for National Bank of Canada in a research note issued to investors on Wednesday, August 29th. Desjardins analyst D. Young now anticipates that the financial services provider will earn $5.95 per share for the year, up from their prior forecast of $5.89. Desjardins also issued estimates for National Bank of Canada’s Q4 2018 earnings at $1.49 EPS and FY2019 earnings at $6.35 EPS.
Several other brokerages have also issued reports on NA. Barclays increased their price objective on National Bank of Canada from C$65.00 to C$67.00 in a report on Thursday, May 31st. CIBC cut their price objective on National Bank of Canada from C$69.00 to C$67.00 in a report on Monday, June 11th. Royal Bank of Canada increased their price objective on National Bank of Canada from C$71.00 to C$73.00 and gave the stock an “outperform” rating in a report on Thursday, May 31st. Cormark increased their price objective on National Bank of Canada from C$66.00 to C$67.00 in a report on Thursday, May 31st. Finally, Eight Capital increased their target price on shares of National Bank of Canada from C$68.00 to C$70.00 in a research report on Thursday, May 31st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$68.36.
NA opened at C$65.13 on Friday. National Bank of Canada has a 12-month low of C$54.58 and a 12-month high of C$65.95.
National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, May 30th. The financial services provider reported C$1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.41 by C$0.04. The company had revenue of C$1.75 billion during the quarter, compared to analyst estimates of C$1.71 billion. National Bank of Canada had a return on equity of 18.84% and a net margin of 30.45%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Monday, September 24th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Friday, September 21st.
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 Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.