National Bank of Canada (TSE:NA – Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 28th. Analysts expect the company to announce earnings of C$2.50 per share for the quarter.
National Bank of Canada (TSE:NA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 29th. The financial services provider reported C$2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.43 by C$0.11. The business had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.89 billion. National Bank of Canada had a return on equity of 14.72% and a net margin of 34.10%.
National Bank of Canada Trading Up 0.7 %
National Bank of Canada stock opened at C$119.96 on Monday. The stock has a 50-day moving average price of C$112.43 and a 200 day moving average price of C$111.70. National Bank of Canada has a 52 week low of C$84.27 and a 52 week high of C$120.18. The stock has a market cap of C$41.86 billion, a PE ratio of 12.37, a P/E/G ratio of 17.04 and a beta of 1.13.
National Bank of Canada Increases Dividend
Insider Activity at National Bank of Canada
In other National Bank of Canada news, Director Yvon Charest bought 325 shares of the business’s stock in a transaction on Monday, August 19th. The shares were purchased at an average price of C$117.24 per share, with a total value of C$38,103.00. In other news, Senior Officer Lucie Blanchet sold 8,800 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. Also, Director Yvon Charest bought 325 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. 0.21% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several analysts have commented on NA shares. Cormark lifted their price target on National Bank of Canada from C$121.00 to C$122.00 and gave the company a “market perform” rating in a report on Tuesday, August 20th. 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. Canaccord Genuity Group lifted their price target on shares of National Bank of Canada from C$109.00 to C$117.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Jefferies Financial Group dropped their price objective on National Bank of Canada from C$121.00 to C$119.00 and set a “hold” rating for the company in a report on Monday, August 12th. Finally, UBS Group set a C$123.00 target price on National Bank of Canada and gave the company a “buy” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, National Bank of Canada presently has an average rating of “Hold” and an average price target of C$116.42.
Read Our Latest Stock Analysis on National Bank of Canada
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.
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