Desjardins Has Pessimistic Outlook of TSE:NA FY2025 Earnings

Key Points

• Desjardins has downgraded its FY2025 earnings per share estimate for the National Bank of Canada from $11.15 to $10.90, while maintaining a "Hold" rating and a price target of $149.00.
• The company has announced a quarterly dividend of $1.18 per share, with a dividend yield of 3.3% and a payout ratio of 44.93%.
• National Bank of Canada's current stock consensus rating is "Hold," with a consensus price target of C$143.17, reflecting mixed opinions from various analysts including an "outperform" rating from Scotiabank.

National Bank of Canada (TSE:NA - Free Report) - Analysts at Desjardins decreased their FY2025 EPS estimates for National Bank of Canada in a research note issued to investors on Wednesday, August 27th. Desjardins analyst D. Young now expects that the financial services provider will post earnings of $10.90 per share for the year, down from their previous forecast of $11.15. Desjardins has a "Hold" rating and a $149.00 price objective 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 $11.50 EPS.

A number of other research firms have also commented on NA. Jefferies Financial Group dropped their price target on shares of National Bank of Canada from C$157.00 to C$153.00 and set a "hold" rating on the stock in a research report on Thursday, August 28th. Cibc World Mkts raised shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Royal Bank Of Canada dropped their price target on shares of National Bank of Canada from C$152.00 to C$148.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 28th. Barclays lifted their price target on shares of National Bank of Canada from C$141.00 to C$147.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Finally, Scotiabank lifted their price target on shares of National Bank of Canada from C$142.00 to C$147.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$143.17.

National Bank of Canada Stock Down 0.7%

Shares of TSE:NA traded down C$1.00 during trading on Monday, reaching C$143.56. The stock had a trading volume of 557,420 shares, compared to its average volume of 1,826,810. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$151.97. The firm has a market capitalization of C$56.18 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 7.14 and a beta of 1.11. The stock has a fifty day simple moving average of C$144.57 and a two-hundred day simple moving average of C$130.66.

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, November 1st. Stockholders of record on Monday, September 29th will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.3%. National Bank of Canada's dividend payout ratio is presently 44.93%.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.