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Desjardins Issues Pessimistic Estimate for TSE:NA Earnings

Published 1 day ago4 minute read

National Bank of Canada (TSE:NA - Free Report) - Analysts at Desjardins lowered their Q3 2025 EPS estimates for shares of National Bank of Canada in a research report issued to clients and investors on Wednesday, May 28th. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings of $2.45 per share for the quarter, down from their prior estimate of $2.60. Desjardins currently has a "Hold" rating and a $136.00 price target on the stock. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share.

A number of other research analysts have also commented on NA. UBS Group reduced their price target on shares of National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday, February 28th. BMO Capital Markets reduced their price target on shares of National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. CIBC boosted their price target on shares of National Bank of Canada from C$115.00 to C$125.00 in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group lowered shares of National Bank of Canada from a "buy" rating to a "hold" rating and reduced their price target for the company from C$147.00 to C$126.00 in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$134.10.

Check Out Our Latest Research Report on NA

Shares of NA stock opened at C$133.57 on Friday. The company's fifty day simple moving average is C$120.70 and its two-hundred day simple moving average is C$126.01. National Bank of Canada has a 1 year low of C$105.43 and a 1 year high of C$141.15. The stock has a market capitalization of C$52.08 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 7.14 and a beta of 1.12.

In related news, Senior Officer Lucie Blanchet purchased 2,147 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of C$116.28 per share, with a total value of C$249,653.16. Also, Director Macky Tall purchased 4,182 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average cost of C$119.14 per share, with a total value of C$498,243.48. Over the last ninety days, insiders bought 7,691 shares of company stock valued at $912,137. Insiders own 0.21% of the company's stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be paid a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a dividend yield of 3.53%. This is an increase from National Bank of Canada's previous quarterly dividend of $1.14. National Bank of Canada's dividend payout ratio is 39.03%.

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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.

Earnings History and Estimates for National Bank of Canada (TSE:NA)

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