National Bank of Canada (TSE:NA) Stock Price Expected to Rise, TD Securities Analyst Says

National Bank of Canada (TSE:NA) had its price target hoisted by stock analysts at TD Securities from C$129.00 to C$140.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 5.11% from the company’s current price.

A number of other research analysts have also recently commented on NA. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Scotiabank boosted their price objective on shares of National Bank of Canada from C$120.00 to C$129.00 in a research report on Thursday, August 29th. Canaccord Genuity Group boosted their price target on shares of National Bank of Canada from C$113.00 to C$123.00 in a research report on Thursday, August 29th. CIBC lowered shares of National Bank of Canada from an “outperform” rating to a “neutral” rating in a research note on Friday, September 20th. Finally, Cormark boosted their price objective on shares of National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$123.64.

National Bank of Canada Price Performance

TSE:NA traded down C$0.02 during mid-day trading on Friday, reaching C$133.19. The stock had a trading volume of 360,679 shares, compared to its average volume of 1,732,711. The company has a market capitalization of C$45.34 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$87.92 and a 1-year high of C$135.00. The stock’s 50 day simple moving average is C$129.51 and its two-hundred day simple moving average is C$119.30.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The company had revenue of C$2.98 billion for the quarter, compared to analysts’ expectations of C$2.95 billion. Sell-side analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

Insider Activity

In related news, Director Yvon Charest acquired 325 shares of National Bank of Canada stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. 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.