National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Recommendation of “Hold” by Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

A number of brokerages have 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 report on Monday, April 27th. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Finally, National Bank Financial downgraded National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th.

National Bank of Canada Stock Performance

National Bank of Canada stock opened at $167.29 on Thursday. The company has a market cap of $64.32 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.48 and a beta of 0.87. National Bank of Canada has a 12 month low of $99.00 and a 12 month high of $167.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s 50-day moving average is $153.08 and its 200-day moving average is $139.56.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.81 billion. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%. Equities analysts anticipate that National Bank of Canada will post 9.21 earnings per share for the current 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.