National Bank of Canada (TSE:NA) Reaches New 52-Week High - Here's Why

Key Points

• National Bank of Canada hit a new 52-week high, trading as high as C$200.05 and last at C$199.05 on volume of 1,033,563 shares.
• Analysts are mixed: despite upgrades like Desjardins raising its target to C$200 (buy), the MarketBeat consensus is a Hold with an average price target of C$190.27.
• Recent results and shareholder returns: the bank reported C$3.25 EPS on C$3.89B revenue, has a C$77.06B market cap, and declared a quarterly dividend of $1.24 (annualized $4.96, ~2.5% yield; ex-dividend Mar 30, payable May 1).

National Bank of Canada (TSE:NA - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as C$200.05 and last traded at C$199.05, with a volume of 1033563 shares trading hands. The stock had previously closed at C$197.54.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NA shares. Desjardins increased their price objective on National Bank of Canada from C$182.00 to C$200.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Royal Bank Of Canada dropped their price target on shares of National Bank of Canada from C$193.00 to C$180.00 and set a "sector perform" rating on the stock in a research note on Wednesday, March 25th. Canaccord Genuity Group lowered their target price on shares of National Bank of Canada from C$191.00 to C$190.00 and set a "hold" rating on the stock in a research report on Monday, March 9th. Barclays upped their price target on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the company an "equal weight" rating in a report on Thursday, February 26th. Finally, TD Securities increased their target price on shares of National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$190.27.

National Bank of Canada Stock Up 0.8%

The firm has a market cap of C$77.06 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 7.14 and a beta of 1.23. The business's fifty day moving average is C$182.02 and its two-hundred day moving average is C$170.21.

National Bank of Canada (TSE:NA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. The business had revenue of C$3.89 billion during the quarter. Research analysts forecast that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, May 1st will be issued a $1.24 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $4.96 annualized dividend and a dividend yield of 2.5%. National Bank of Canada's payout ratio is 45.71%.

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.

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