National Bank of Canada (OTCMKTS:NTIOF) Receives Average Rating of “Hold” from Analysts

Shares of National Bank of Canada (OTCMKTS:NTIOF) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

NTIOF has been the subject of several recent research reports. Desjardins reissued a “buy” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. National Bank Financial downgraded shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Zacks Research downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, May 28th.

National Bank of Canada Stock Performance

National Bank of Canada stock opened at $158.03 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $60.85 billion, a PE ratio of 19.32, a P/E/G ratio of 1.43 and a beta of 0.88. The firm has a fifty day simple moving average of $150.08 and a two-hundred day simple moving average of $136.32. National Bank of Canada has a twelve month low of $99.00 and a twelve month high of $158.32.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.81 billion. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. Research analysts expect that National Bank of Canada will post 9.21 EPS for the current year.

About National Bank of Canada

National Bank of Canada (OTCMKTS: NTIOF) is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.