Canaccord Genuity analyst Scott Chan CFA maintained a Hold rating on National Bank of Canada (OTC:NTIOF) on Tuesday, setting a price target of C$69, which is approximately 4.07% below the present share price of $55.07.
Chan CFA expects National Bank of Canada to post earnings per share (EPS) of $1.67 for the fourth quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in National Bank of Canada, with an average price target of $54.36.
The analysts price targets range from a high of $63.54 to a low of $47.47.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $1.96 billion and a net profit of $0. The company's market cap is $18.12 billion.
According to TipRanks.com, Canaccord Genuity analyst Scott Chan CFA is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 3.8% and a 52.94% success rate.
National Bank of Canada engages in the provision of commercial banking and financial services. It operates through the following segments: Personal and Commercial, Wealth Management, Financial Markets, US Specialty Finance and International (USSF&I), and Other. The Personal and Commercial segment involves in banking, financing, and investing services offered to individuals and businesses as well as insurance operations. The Wealth Management segment focuses on the investment solutions, trust and lending services, and other wealth management solutions offered through internal and third-party distribution networks. The Financial Markets segment includes banking and investment banking services and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors. The USSF&I segment comprises specialty finance expertise activities of subsidiary ABA Bank, which offers financial products and services to individuals and businesses; and activities of targeted investments in certain emerging markets. The Other segment encompasses treasury activities such as asset and liability management, liquidity management and funding operations, certain non-recurring items, and unallocated portion of corporate services. The company was founded on May 4, 1859 and is headquartered in Montreal, Canada.