National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Rating of “Hold” by Brokerages

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

A number of equities analysts recently issued reports on the stock. Desjardins restated a “buy” rating on shares of National Bank of Canada in a report on Thursday, May 28th. National Bank Financial downgraded National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Zacks Research lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of National Bank of Canada in a research report on Thursday, May 28th.

National Bank of Canada Price Performance

Shares of National Bank of Canada stock opened at $161.81 on Thursday. The firm has a market capitalization of $62.21 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. 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 has a 12 month low of $99.00 and a 12 month high of $171.47. The business’s 50-day moving average price is $153.89 and its 200-day moving average price is $140.33.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.07. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%.The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.81 billion. Sell-side 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.