National Bank of Canada (TSE:NA) Hits New 52-Week High on Analyst Upgrade

Shares of National Bank of Canada (TSE:NA - Get Free Report) reached a new 52-week high during mid-day trading on Monday after BMO Capital Markets raised their price target on the stock from C$125.00 to C$143.00. The stock traded as high as C$135.21 and last traded at C$135.09, with a volume of 205230 shares. The stock had previously closed at C$133.67.

A number of other research firms also recently commented on NA. Canaccord Genuity Group raised their price objective on National Bank of Canada from C$113.00 to C$123.00 in a report on Thursday, August 29th. Royal Bank of Canada lifted their price target on shares of National Bank of Canada from C$113.00 to C$116.00 in a research report on Thursday, August 29th. Cibc World Mkts lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. CIBC downgraded shares of National Bank of Canada from an "outperform" rating to a "neutral" rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group upped their price target on shares of National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$125.27.

National Bank of Canada Price Performance

The stock has a market capitalization of C$46.02 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The company has a 50-day simple moving average of C$129.70 and a two-hundred day simple moving average of C$119.55.

National Bank of Canada (TSE:NA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, beating the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The company had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. Research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Dividend Announcement

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