National Bank of Canada (NA) Stock Forecast & Price Target

C$131.91 +0.62 (+0.47%)

(As of 12/20/2024 05:17 PM ET)

National Bank of Canada - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 13 Analyst Ratings

Sell
1

Hold
10

Buy
2

Based on 13 Wall Street analysts who have issued ratings for National Bank of Canada in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 1 has given a sell rating, 10 have given a hold rating, and 2 have given a buy rating for NA.

Consensus Price Target

C$136.10
3.18% Upside

According to the 13 analysts' twelve-month price targets for National Bank of Canada, the average price target is C$136.10. The highest price target for NA is C$154.00, while the lowest price target for NA is C$118.00. The average price target represents a forecasted upside of 3.18% from the current price of C$131.91.

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NA Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	10 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	C$136.10	C$126.36	C$122.64	C$102.95
Forecasted Upside	3.18% Upside	-8.03% Downside	-3.60% Downside	2.94% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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NA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

National Bank of Canada Stock vs. The Competition

Type	National Bank of Canada	Financial Services Companies
Consensus Rating Score	2.08	2.65
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent NA News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/5/2024	Canaccord Genuity Group 5 of 5 stars		Boost Target		C$135.00 ➝ C$142.00	+5.22%
12/5/2024	Cormark 3 of 5 stars		Lower Target		C$145.00 ➝ C$142.00	+5.22%
12/5/2024	Royal Bank of Canada 4 of 5 stars		Boost Target		C$116.00 ➝ C$134.00	-0.70%
12/5/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$140.00 ➝ C$138.00	+2.26%
11/26/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$135.00 ➝ C$141.00	+2.79%
11/25/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Grauman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$129.00 ➝ C$154.00	+11.89%
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11/21/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Morton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$125.00 ➝ C$143.00	+5.96%
9/20/2024	Cibc World Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Holden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$119.00 ➝ C$126.00	+0.55%
8/6/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$116.00 ➝ C$118.00	+5.36%
7/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Buy	C$123.00	+13.06%
2/29/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reduce
11/23/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	C$101.00 ➝ C$97.00	+8.03%
9/12/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$108.00	+14.71%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:35 AM ET.

Should I Buy National Bank of Canada Stock? NA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 15, 2024. Please send any questions or comments about these National Bank of Canada pros and cons to contact@marketbeat.com.

National Bank of Canada
Bull Case

Here are some ways that investors could benefit from investing in National Bank of Canada:

Recent earnings estimates for FY2025 have been increased to $10.65 per share, indicating positive growth expectations from analysts.
The current stock price is C$137.43, reflecting a strong market performance and investor confidence in the company's stability and growth potential.
National Bank of Canada reported a quarterly earnings per share (EPS) of C$2.68, surpassing analysts' expectations, which demonstrates its ability to generate profit effectively.
Analysts have issued a consensus rating of "Hold" with an average price target of C$132.40, suggesting that the stock is viewed as a stable investment with potential for appreciation.
The bank operates through diverse segments, including Personal and Commercial, Wealth Management, and Financial Markets, which helps mitigate risks associated with economic fluctuations.

National Bank of Canada
Bear Case

Investors should be bearish about investing in National Bank of Canada for these reasons:

Despite positive earnings forecasts, the consensus estimate for the current full-year earnings is slightly higher at $10.84 per share, indicating that analysts may have higher expectations than current estimates.
One investment analyst has rated the stock with a sell rating, which could signal potential concerns about the bank's future performance.
The bank's price-to-earnings (P/E) ratio is 13.38, which may be considered high compared to industry averages, suggesting that the stock could be overvalued.
Market volatility could impact the bank's performance, as evidenced by its beta of 1.12, indicating that the stock is more volatile than the market average.
Recent price target increases from various analysts, while positive, may also reflect a competitive market environment, which could pressure profit margins in the future.

NA Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for National Bank of Canada is C$136.10, with a high forecast of C$154.00 and a low forecast of C$118.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for National Bank of Canada in the last twelve months. There is currently 1 sell rating, 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NA, but not buy additional shares or sell existing shares.
: According to analysts, National Bank of Canada's stock has a predicted upside of 3.18% based on their 12-month stock forecasts.
: Over the previous 90 days, National Bank of Canada's stock had 1 downgrade by analysts.
: National Bank of Canada has been rated by research analysts at Barclays, BMO Capital Markets, Canaccord Genuity Group, CIBC, Cormark, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
: Analysts like National Bank of Canada less than other "financial services" companies. The consensus rating for National Bank of Canada is Hold while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how NA compares to other companies.

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This page (TSE:NA) was last updated on 12/21/2024 by MarketBeat.com Staff

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National Bank of Canada (NA) Stock Forecast & Price Target