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

National Bank of Canada (OTCMKTS:NTIOF) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several research firms recently weighed in on NTIOF. Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Raymond James Financial reaffirmed a “market perform” rating on shares of National Bank of Canada in a research note on Friday, February 13th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Friday, January 9th. Finally, 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.

National Bank of Canada Stock Performance

NTIOF opened at $151.00 on Friday. The stock has a market capitalization of $58.28 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.38 and a beta of 0.91. The company has a fifty day moving average of $137.84 and a 200 day moving average of $126.32. National Bank of Canada has a fifty-two week low of $88.20 and a fifty-two week high of $152.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74.

National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.19. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $3.68 billion. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.69%. As a group, sell-side analysts forecast that National Bank of Canada will post 9.13 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.