Nordea Bank AB (OTCMKTS:NRDBY) Given Average Recommendation of “Hold” by Analysts

Nordea Bank AB (OTCMKTS:NRDBY) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities research analysts recently commented on the company. Kepler Capital Markets raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Nordea Equity Research downgraded shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Zacks Research downgraded shares of Nordea Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th.

Nordea Bank Trading Up 1.7%

OTCMKTS NRDBY opened at $20.16 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.32. Nordea Bank has a 1-year low of $11.07 and a 1-year high of $20.61. The firm’s fifty day simple moving average is $19.07 and its 200-day simple moving average is $17.28. The company has a market capitalization of $69.08 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Nordea Bank had a return on equity of 15.89% and a net margin of 22.36%.The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.42 billion. As a group, sell-side analysts anticipate that Nordea Bank will post 1.4 earnings per share for the current fiscal year.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.