National Bank of Canada (TSE:NA) Sets New 12-Month High – Should You Buy?

Shares of National Bank of Canada (TSE:NA) reached a new 52-week high on Monday . The company traded as high as C$138.54 and last traded at C$138.54, with a volume of 1800 shares trading hands. The stock had previously closed at C$137.81.

Analyst Ratings Changes

A number of research firms have recently weighed in on NA. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Canaccord Genuity Group lifted their price objective on National Bank of Canada from C$123.00 to C$135.00 in a research note on Tuesday, November 19th. CIBC downgraded National Bank of Canada from an “outperform” rating to a “neutral” rating in a research note on Friday, September 20th. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets upped their target price on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$129.30.

National Bank of Canada Trading Down 0.1 %

The company has a 50-day moving average of C$130.71 and a 200-day moving average of C$120.27. The company has a market capitalization of C$46.87 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. The business had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. On average, research analysts expect that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, September 27th. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insider Buying and Selling

In other news, Director Yvon Charest bought 285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is owned by corporate insiders.

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.