National Bank of Canada (OTCMKTS:NTIOF) Stock Now Rated “Hold” by Wall Street Analysts

Shares of National Bank of Canada (OTCMKTS:NTIOF) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

Several brokerages have recently commented on NTIOF. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of National Bank of Canada in a research report on Thursday, September 3rd. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Thursday, August 27th. TD Securities reiterated a “hold” rating on shares of National Bank of Canada in a research report on Wednesday, August 12th. National Bank Financial raised shares of National Bank of Canada from a “hold” rating to an “outperform” rating in a research note on Tuesday, August 18th. Finally, Desjardins downgraded shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in National Bank of Canada stock. Public Employees Retirement System of Ohio acquired a new position in National Bank of Canada (OTCMKTS:NTIOF) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,587 shares of the financial services provider’s stock, valued at approximately $2,825,000. Institutional investors own 0.06% of the company’s stock.

National Bank of Canada Stock Performance

OTCMKTS NTIOF opened at $150.45 on Friday. The firm has a 50-day moving average of $148.82 and a 200-day moving average of $145.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $57.44 billion, a PE ratio of 17.43, a P/E/G ratio of 1.28 and a beta of 0.87. National Bank of Canada has a 52-week low of $110.97 and a 52-week high of $171.47.

National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, August 26th. The financial services provider reported $2.43 EPS for the quarter, beating the consensus estimate of $2.32 by $0.11. National Bank of Canada had a return on equity of 16.67% and a net margin of 17.22%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.75 billion. On average, sell-side analysts anticipate that National Bank of Canada will post 9.44 EPS for the current year.

National Bank of Canada Company Profile

National Bank of Canada is a Canadian financial institution headquartered in Montreal, Quebec. Founded in 1859, the bank provides a broad range of banking and financial services to individuals, businesses, institutional clients and governments.

Its activities include personal and commercial banking, wealth management, investment banking, securities brokerage, financial markets and specialized finance. Products and services include deposit accounts, mortgages, consumer and business loans, credit facilities, investment products, portfolio management, financial planning, capital-markets advisory and trading services.

National Bank primarily serves customers across Quebec and other Canadian provinces through its banking and wealth-management operations.