National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Recommendation of “Hold” by Analysts

National Bank of Canada (OTCMKTS:NTIOF) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

Several equities research analysts have recently issued reports on NTIOF shares. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of National Bank of Canada in a report on Thursday, May 28th. National Bank Financial cut National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Raymond James Financial reiterated a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Finally, Desjardins reiterated a “buy” rating on shares of National Bank of Canada in a report on Thursday, May 28th.

National Bank of Canada Price Performance

Shares of OTCMKTS:NTIOF opened at $156.22 on Friday. The business’s fifty day moving average price is $148.84 and its two-hundred day moving average price is $135.23. The stock has a market cap of $60.15 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88. 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 has a one year low of $98.20 and a one year high of $156.22.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. National Bank of Canada had a return on equity of 16.10% and a net margin of 14.49%.The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. On average, analysts forecast that National Bank of Canada will post 9.21 EPS 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.