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

National Bank of Canada (OTCMKTS:NTIOF) has earned an average rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

A number of brokerages have recently weighed in on NTIOF. Desjardins lowered shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research report on Tuesday, June 16th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Finally, National Bank Financial cut National Bank of Canada from a “neutral” rating to a “hold” rating in a research report on Tuesday, August 4th.

National Bank of Canada Price Performance

Shares of OTCMKTS:NTIOF opened at $163.16 on Monday. The firm’s 50 day moving average price is $157.06 and its 200 day moving average price is $144.01. The stock has a market cap of $62.63 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 1.48 and a beta of 0.87. National Bank of Canada has a fifty-two week low of $103.35 and a fifty-two week high of $171.47. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, topping the consensus estimate of $2.29 by $0.07. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.81 billion. As a group, equities research analysts predict that National Bank of Canada will post 9.2 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.