National Bank of Canada (NA) PT Raised to C$64.00 at Desjardins

National Bank of Canada (TSE:NA) had its price target boosted by Desjardins from C$62.00 to C$64.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. Desjardins also issued estimates for National Bank of Canada’s Q2 2019 earnings at $1.54 EPS.

Separately, TD Securities dropped their target price on shares of National Bank of Canada from C$67.00 to C$66.00 and set a hold rating on the stock in a research report on Thursday, February 28th.

TSE:NA opened at C$63.08 on Tuesday. The company has a market cap of $21.47 billion and a price-to-earnings ratio of 10.55. National Bank of Canada has a twelve month low of C$54.37 and a twelve month high of C$65.95.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, February 27th. The financial services provider reported C$1.50 earnings per share for the quarter, missing the consensus estimate of C$1.56 by C($0.06). The business had revenue of C$1.80 billion for the quarter, compared to the consensus estimate of C$1.83 billion. As a group, equities analysts expect that National Bank of Canada will post 6.74000012650231 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, March 25th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Friday, March 22nd. National Bank of Canada’s dividend payout ratio (DPR) is currently 41.64%.

In other news, Senior Officer Ricardo Pascoe sold 50,392 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of C$62.16, for a total value of C$3,132,477.58. Following the sale, the insider now directly owns 18,209 shares of the company’s stock, valued at approximately C$1,131,911.50. Also, Senior Officer Martin Lavigne sold 32,576 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$62.25, for a total transaction of C$2,027,901.61. Following the completion of the sale, the insider now directly owns 4,750 shares in the company, valued at C$295,694.15.

About National Bank of Canada

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.

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