Trading Report: The Desjardins Comments on National Bank of Canada’s FY2016 Earnings (NA)

The Desjardins Comments on National Bank of Canada’s FY2016 Earnings (NA)

National Bank of Canada (TSE:NA) – Stock analysts at Desjardins raised their FY2016 earnings per share (EPS) estimates for National Bank of Canada in a report released on Thursday. Desjardins analyst D. Young now expects that the brokerage will earn $4.20 per share for the year, up from their previous estimate of $4.16. Desjardins has a “Hold” rating and a $46.00 price objective on the stock. Desjardins also issued estimates for National Bank of Canada’s Q4 2016 earnings at $1.22 EPS.

Other equities analysts also recently issued research reports about the stock. TD Securities boosted their price target on shares of National Bank of Canada from C$47.00 to C$48.00 and gave the company a “hold” rating in a report on Friday. CIBC boosted their price target on shares of National Bank of Canada from C$44.00 to C$45.00 in a report on Wednesday, August 10th. BMO Capital Markets boosted their price target on shares of National Bank of Canada from C$45.00 to C$49.00 in a report on Thursday, September 1st. Royal Bank Of Canada boosted their price target on shares of National Bank of Canada from C$53.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. Finally, CSFB boosted their price target on shares of National Bank of Canada from C$50.00 to C$51.00 in a report on Thursday, September 1st. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of C$49.42.

Shares of National Bank of Canada (TSE:NA) opened at 47.68 on Monday. The firm has a market capitalization of $16.10 billion and a PE ratio of 13.78. The company has a 50-day moving average of $46.63 and a 200-day moving average of $45.15. National Bank of Canada has a 52 week low of $34.86 and a 52 week high of $47.98.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, September 26th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 4.61%. The ex-dividend date is Thursday, September 22nd.

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