National Bank of Canada (OTCMKTS:NTIOF) Upgraded at Canadian Imperial Bank of Commerce

National Bank of Canada (OTCMKTS:NTIOF) was upgraded by analysts at Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other analysts have also issued reports on NTIOF. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a report on Friday, December 5th. Zacks Research raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. TD Securities restated a “hold” rating on shares of National Bank of Canada in a report on Thursday, December 4th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a report on Friday, January 9th. Finally, Desjardins raised National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada presently has an average rating of “Moderate Buy”.

National Bank of Canada Stock Up 1.6%

NTIOF stock opened at $128.43 on Friday. National Bank of Canada has a one year low of $74.21 and a one year high of $129.11. The firm has a market cap of $49.87 billion, a PE ratio of 17.76 and a beta of 0.90. The firm’s 50 day moving average price is $124.52 and its 200-day moving average price is $115.05. 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 (OTCMKTS:NTIOF) last issued 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. National Bank of Canada had a return on equity of 15.74% and a net margin of 13.07%.The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $3.43 billion. On average, equities research analysts anticipate that National Bank of Canada will post 7.63 EPS 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.