Cormark Has Bullish Forecast for TSE:NA FY2025 Earnings

National Bank of Canada (TSE:NA) – Stock analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for National Bank of Canada in a report issued on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings of $10.65 per share for the year, up from their prior estimate of $10.61. The consensus estimate for National Bank of Canada’s current full-year earnings is $10.84 per share. Cormark also issued estimates for National Bank of Canada’s FY2026 earnings at $11.66 EPS.

Several other equities research analysts have also recently commented on NA. CIBC boosted their target price on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday. Royal Bank of Canada boosted their target price on National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. TD Securities lifted their price target on shares of National Bank of Canada from C$129.00 to C$140.00 in a research report on Friday, November 15th. Finally, Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$132.40.

National Bank of Canada Price Performance

Shares of TSE:NA opened at C$138.43 on Tuesday. National Bank of Canada has a 12 month low of C$87.92 and a 12 month high of C$138.79. The stock has a market cap of C$47.12 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 7.14 and a beta of 1.12. The stock’s 50 day moving average price is C$131.32 and its 200 day moving average price is C$120.68.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, topping 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 firm had revenue of C$2.98 billion for the quarter, compared to analysts’ expectations of C$2.95 billion.

Insiders Place Their Bets

In other news, Director Yvon Charest acquired 285 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. Corporate 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.