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

Shares of National Bank of Canada (OTCMKTS:NTIOF) have earned an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

NTIOF has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a report on Monday, May 4th. National Bank Financial cut shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th.

National Bank of Canada Price Performance

OTCMKTS NTIOF opened at $153.66 on Wednesday. National Bank of Canada has a 52 week low of $93.46 and a 52 week high of $154.57. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. The stock has a market cap of $59.23 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. The company has a 50-day moving average price of $142.71 and a two-hundred day moving average price of $131.20.

National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.15 by $0.19. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.69%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Analysts forecast that National Bank of Canada will post 9.28 EPS for the current 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.