National Bank of Canada (OTCMKTS:NTIOF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of National Bank of Canada (OTCMKTS:NTIOF) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts have issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a research report on Friday, December 5th. Zacks Research raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a report on Friday, February 13th. TD Securities restated a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 4th. Finally, Desjardins raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th.

National Bank of Canada Trading Up 1.6%

Shares of NTIOF stock opened at $130.65 on Monday. The company has a market capitalization of $50.74 billion, a P/E ratio of 18.07 and a beta of 0.90. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $130.65. 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 firm has a 50-day moving average price of $124.88 and a 200 day moving average price of $116.06.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.13. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $3.43 billion. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%. Research analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current fiscal 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.