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

National Bank of Canada (OTCMKTS:NTIOF) has been given a consensus recommendation of “Hold” by the eight research firms that are presently 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.

A number of research analysts have recently commented on the stock. National Bank Financial cut shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, June 16th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, May 28th.

National Bank of Canada Stock Performance

OTCMKTS:NTIOF opened at $162.01 on Thursday. The firm’s fifty day simple moving average is $154.36 and its 200 day simple moving average is $140.84. 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 twelve month low of $99.00 and a twelve month high of $171.47. The firm has a market capitalization of $62.29 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.47 and a beta of 0.87.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate 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, equities research analysts expect that National Bank of Canada will post 9.21 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.