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

Shares of National Bank of Canada (OTCMKTS:NTIOF) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several equities analysts recently commented on NTIOF shares. Zacks Research lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Desjardins reaffirmed a “buy” rating on shares of National Bank of Canada in a report on Thursday, May 28th. National Bank Financial lowered shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a report on Monday, May 4th.

National Bank of Canada Price Performance

NTIOF stock opened at $144.69 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. National Bank of Canada has a 52 week low of $97.23 and a 52 week high of $154.57. The firm’s fifty day moving average is $143.79 and its 200 day moving average is $132.14. The firm has a market cap of $55.77 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.30 and a beta of 0.88.

National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.29 by $0.07. National Bank of Canada had a net margin of 14.49% and a return on equity of 16.10%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.81 billion. Research analysts predict that National Bank of Canada will post 9.21 earnings per share for the current year.

National Bank of Canada Company Profile

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.