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

National Bank of Canada (OTCMKTS:NTIOF) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

Several equities analysts recently issued reports on the company. Zacks Research raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Desjardins raised National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. CIBC reissued a “neutral” rating on shares of National Bank of Canada in a research report on Thursday, December 4th. National Bankshares raised shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a report on Tuesday, November 11th. Finally, TD Securities reiterated a “hold” rating on shares of National Bank of Canada in a research note on Thursday, December 4th.

National Bank of Canada Stock Performance

Shares of NTIOF stock opened at $128.21 on Friday. The company has a market capitalization of $50.04 billion, a price-to-earnings ratio of 17.73 and a beta of 0.90. 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 one year low of $74.21 and a one year high of $129.11. The company’s 50-day moving average is $119.08 and its 200 day moving average is $110.38.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.13. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Sell-side analysts expect that National Bank of Canada will post 7.63 EPS 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.