Published: Wed, August 23, 2017
Money | By Armando Alvarado

Should You Buy Royal Bank's Stock Ahead of Earnings?

Should You Buy Royal Bank's Stock Ahead of Earnings?

National Bank of Canada is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large firms in its domestic market and also offers specialized services internationally. With the last stock price close up 0.89% from the two hundred day average, compared to the S&P 500 which has increased 0.05% over the same time. After $0.59 actual EPS reported by Canadian Western Bank for the previous quarter, Wall Street now forecasts 6.78 % EPS growth.

Among 6 analysts covering National Bank Of Canada (TSE:NA), 3 have Buy rating, 0 Sell and 3 Hold. The rating was maintained by Scotia Capital with "Sector Perform" on Wednesday, March 29. The stock has a market cap of $15.11 billion, a PE ratio of 11.90 and a beta of 1.27.

Revenue for the quarter was $9.99-billion, down 2.6 per cent from $10.26-billion a year ago. The share price has been stuck in a range from around $91-$95 since May, so it may take a significant earnings result to move the stock outside of those limits. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.51%. Deutsche Bank initiated it with "Hold" rating and $32.0 target in Wednesday, November 2 report. Barclays PLC raised shares of National Bank of Canada from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, May 23rd.

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Shares of Canadian Western Bank (TSE:CWB) have earned an average recommendation of "Hold" from the eleven ratings firms that are now covering the firm, reports.

A number of equities analysts have issued reports on CWB shares. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The rating was maintained by Scotia Capital on Friday, June 3 with "Sector Perform". The company presently has a consensus rating of "Hold" and a consensus price target of $87.57.

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