National Bank of Canada (OTCMKTS:NTIOF) Downgraded by Canadian Imperial Bank of Commerce to Hold

National Bank of Canada (OTCMKTS:NTIOF) was downgraded by Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a report on Monday, May 4th. National Bank Financial downgraded National Bank of Canada from a “buy” rating to a “neutral” rating in a research report on Wednesday. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday. Finally, Zacks Research lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

National Bank of Canada Price Performance

Shares of OTCMKTS:NTIOF opened at $149.65 on Wednesday. The business’s 50 day simple moving average is $140.20 and its 200-day simple moving average is $128.93. The firm has a market capitalization of $57.68 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. National Bank of Canada has a 12 month low of $91.19 and a 12 month high of $153.69.

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 analysts’ consensus estimates of $2.15 by $0.19. National Bank of Canada had a return on equity of 15.69% and a net margin of 13.60%.The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $3.68 billion. As a group, equities analysts forecast that National Bank of Canada will post 9.26 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.