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

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

NTIOF has been the topic of several analyst reports. National Bankshares upgraded National Bank of Canada from an “underperform” rating to a “buy” rating in a report on Tuesday, November 11th. Desjardins upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Zacks Research upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a research note on Thursday, December 4th. Finally, Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research report on Friday, January 9th.

National Bank of Canada Stock Performance

OTCMKTS:NTIOF opened at $120.48 on Thursday. The company has a market cap of $46.98 billion, a P/E ratio of 16.66 and a beta of 0.90. National Bank of Canada has a twelve month low of $74.21 and a twelve month high of $129.11. The company’s 50-day moving average price is $122.99 and its 200-day moving average price is $112.89. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.13. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.43 billion. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%. On average, sell-side analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current fiscal 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.