National Bank of Canada (OTCMKTS:NTIOF) Stock Rating Upgraded by Canadian Imperial Bank of Commerce

National Bank of Canada (OTCMKTS:NTIOF) was upgraded by Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

NTIOF has been the topic of a number of other reports. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Desjardins downgraded shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, June 16th. TD Securities restated a “hold” rating on shares of National Bank of Canada in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

National Bank of Canada Stock Performance

NTIOF opened at $160.54 on Tuesday. The business’s 50-day simple moving average is $159.98 and its 200 day simple moving average is $146.46. National Bank of Canada has a 52-week low of $103.35 and a 52-week high of $171.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $61.63 billion, a PE ratio of 19.63, a PEG ratio of 1.49 and a beta of 0.87.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%. As a group, sell-side analysts expect that National Bank of Canada will post 9.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Bank of Canada

A hedge fund recently bought a new stake in National Bank of Canada stock. Paradigm Capital Management Inc. NY acquired a new position in shares of National Bank of Canada (OTCMKTS:NTIOF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,000 shares of the financial services provider’s stock, valued at approximately $311,000. Institutional investors and hedge funds own 0.06% of the company’s stock.

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.