Barclays Reaffirms Hold Rating for National Bank of Canada (NTIOF)

National Bank of Canada (OTCMKTS:NTIOF)‘s stock had its “hold” rating reiterated by Barclays in a research report issued on Friday, TipRanks reports.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut National Bank of Canada from a “hold” rating to a “sell” rating in a research note on Thursday. Jefferies Financial Group assumed coverage on National Bank of Canada in a research note on Friday, May 3rd. They issued a “buy” rating for the company. Finally, ValuEngine raised National Bank of Canada from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. National Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of $52.00.

NTIOF stock traded down $0.43 during midday trading on Friday, hitting $46.76. 2,125 shares of the company’s stock were exchanged, compared to its average volume of 9,965. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 10.03 and a beta of 1.27. National Bank of Canada has a 1-year low of $39.85 and a 1-year high of $51.95.

National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, February 27th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. National Bank of Canada had a return on equity of 18.15% and a net margin of 19.45%. As a group, analysts predict that National Bank of Canada will post 4.67 EPS for the current fiscal year.

National Bank of Canada Company Profile

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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Analyst Recommendations for National Bank of Canada (OTCMKTS:NTIOF)

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