Cormark Issues Pessimistic Forecast for TSE:NA Earnings

National Bank of Canada (TSE:NA - Free Report) - Stock analysts at Cormark reduced their FY2025 earnings per share estimates for shares of National Bank of Canada in a report issued on Tuesday, May 20th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $10.32 per share for the year, down from their previous estimate of $10.59. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share. Cormark also issued estimates for National Bank of Canada's FY2026 earnings at $11.36 EPS.

Several other analysts also recently commented on the company. Royal Bank of Canada reduced their price objective on National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. CIBC boosted their target price on National Bank of Canada from C$115.00 to C$125.00 in a research report on Thursday, May 22nd. Jefferies Financial Group cut National Bank of Canada from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$147.00 to C$126.00 in a research report on Monday, April 21st. TD Securities dropped their target price on National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. Finally, UBS Group dropped their target price on National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$134.10.

National Bank of Canada Stock Up 0.3%

NA traded up C$0.34 on Thursday, hitting C$129.21. 306,038 shares of the company traded hands, compared to its average volume of 1,882,352. The company has a 50 day moving average of C$119.89 and a 200-day moving average of C$125.93. The stock has a market capitalization of C$50.38 billion, a PE ratio of 11.46, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12-month low of C$105.43 and a 12-month high of C$141.15.

Insider Buying and Selling

In other National Bank of Canada news, Director Yvon Charest bought 362 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, May 20th. The shares were purchased at an average cost of C$127.93 per share, for a total transaction of C$46,310.66. Also, Director Robert Paré bought 4,200 shares of National Bank of Canada stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of C$120.34 per share, for a total transaction of C$505,428.00. Insiders have bought a total of 13,701 shares of company stock worth $1,633,863 in the last quarter. Company insiders own 0.21% of the company's stock.

National Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Monday, March 31st were issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.53%. National Bank of Canada's dividend payout ratio is currently 39.03%.

About National Bank of Canada

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.