Nordea Bank AB (OTCMKTS:NRDBY) Receives Consensus Recommendation of “Hold” from Analysts

Nordea Bank AB (OTCMKTS:NRDBY) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages have issued reports on NRDBY. Citigroup reissued a “buy” rating on shares of Nordea Bank in a report on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a report on Tuesday, May 12th.

Nordea Bank Stock Performance

Shares of OTCMKTS:NRDBY traded down $0.01 during trading on Tuesday, hitting $19.52. 27,984 shares of the stock were exchanged, compared to its average volume of 629,865. Nordea Bank has a 1-year low of $13.91 and a 1-year high of $20.61. The company has a market capitalization of $66.42 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63. The company’s fifty day simple moving average is $18.72 and its 200-day simple moving average is $18.83. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23.

Nordea Bank (OTCMKTS:NRDBY) last issued its earnings results on Wednesday, April 22nd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. Sell-side analysts expect that Nordea Bank will post 1.65 EPS for the current fiscal year.

Nordea Bank Company Profile

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.