Desjardins Has Optimistic Outlook of TSE:NA FY2025 Earnings

Key Points

• Desjardins has raised its FY2025 earnings per share (EPS) forecast for National Bank of Canada to $11.15, up from a prior estimate of $10.85.
• The bank also reported a quarterly dividend of $1.18, an increase from the previous $1.14, representing a 3.2% yield.
• National Bank of Canada holds a market cap of C$58.13 billion and has been given a consensus "Hold" rating by analysts.

National Bank of Canada (TSE:NA - Free Report) - Stock analysts at Desjardins upped their FY2025 earnings per share estimates for National Bank of Canada in a research note issued to investors on Tuesday, August 12th. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings of $11.15 per share for the year, up from their previous forecast of $10.85. Desjardins currently has a "Hold" rating and a $150.00 price target on the stock. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share. Desjardins also issued estimates for National Bank of Canada's FY2026 earnings at $11.65 EPS.

Several other equities research analysts also recently commented on NA. Royal Bank Of Canada boosted their target price on National Bank of Canada from C$148.00 to C$152.00 and gave the stock a "sector perform" rating in a report on Monday, June 9th. Barclays boosted their target price on National Bank of Canada from C$141.00 to C$147.00 and gave the stock an "equal weight" rating in a report on Thursday. Canaccord Genuity Group upped their price target on National Bank of Canada from C$136.00 to C$138.00 and gave the company a "hold" rating in a report on Tuesday, June 24th. Jefferies Financial Group upped their price target on National Bank of Canada from C$139.00 to C$157.00 in a report on Wednesday. Finally, CIBC increased their target price on National Bank of Canada from C$125.00 to C$127.00 and gave the company an "underperform" rating in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$140.08.

National Bank of Canada Stock Performance

Shares of TSE NA traded up C$0.58 during mid-day trading on Thursday, hitting C$150.51. 994,975 shares of the stock traded hands, compared to its average volume of 1,833,855. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$151.40. The company has a market cap of C$58.68 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 7.14 and a beta of 1.12. The stock has a fifty day moving average price of C$141.40 and a 200-day moving average price of C$128.79.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, August 1st were issued a $1.18 dividend. This is a positive change from National Bank of Canada's previous quarterly dividend of $1.14. The ex-dividend date was Monday, June 30th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.1%. National Bank of Canada's dividend payout ratio (DPR) is presently 39.03%.

Insider Activity at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest acquired 362 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was bought at an average price of C$127.93 per share, for a total transaction of C$46,310.66. Company insiders own 0.21% of the company's stock.

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.