CIBC maintains the Outperform rating on National Bank of Canada and raises the target price to $104 from $102 on the company’s stock.
Based on the National Bank of Canada stock forecasts from 13 analysts, the average analyst target price for National Bank of Canada is CAD 103.94 over the next 12 months. National Bank of Canada’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of National Bank of Canada is Slightly Bearish, which is based on 4 positive signals and 5 negative signals. At the last closing, National Bank of Canada’s stock price was CAD 93.70. National Bank of Canada’s stock price has changed by +3.43% over the past week, +11.75% over the past month and -3.14% over the last year.
What we like:
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
What we don’t like:
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
The company had negative total cash flow in the most recent four quarters.
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