National Bank of Canada (OTCMKTS:NTIOF) Downgraded by Canadian Imperial Bank of Commerce to Hold

National Bank of Canada (OTCMKTS:NTIOF) was downgraded by equities researchers at Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts have also issued reports on NTIOF. Zacks Research lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. National Bank Financial lowered shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a report on Tuesday. Finally, Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

Shares of NTIOF stock opened at $149.65 on Wednesday. The company’s fifty day simple moving average is $140.20 and its 200-day simple moving average is $128.93. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. National Bank of Canada has a 52 week low of $91.19 and a 52 week high of $153.69. The company has a market cap of $57.68 billion, a PE ratio of 19.98, a P/E/G ratio of 1.35 and a beta of 0.91.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.15 by $0.19. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $3.68 billion. National Bank of Canada had a return on equity of 15.69% and a net margin of 13.60%. As a group, equities research analysts anticipate that National Bank of Canada will post 9.26 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.