National Bank of Canada (OTCMKTS:NTIOF) Receives Consensus Rating of “Moderate Buy” from Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of analysts recently commented on the stock. Canadian Imperial Bank of Commerce upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a report on Friday, February 13th. Desjardins upgraded National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. National Bank Financial upgraded National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, Zacks Research raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th.

National Bank of Canada Stock Performance

Shares of NTIOF stock opened at $130.65 on Monday. The stock has a market cap of $50.74 billion, a PE ratio of 18.07 and a beta of 0.90. The stock has a 50-day moving average of $124.88 and a 200-day moving average of $115.91. 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 one year low of $74.21 and a one year high of $130.65.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.13. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.43 billion. As a group, sell-side analysts expect that National Bank of Canada will post 7.63 earnings per share for the current year.

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.