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

Shares of National Bank of Canada (OTCMKTS:NTIOF) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several research analysts have weighed in on the company. TD Securities restated a “hold” rating on shares of National Bank of Canada in a research note on Wednesday, August 12th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research report on Thursday, August 27th. 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. Desjardins downgraded National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, August 27th.

Institutional Investors Weigh In On National Bank of Canada

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

National Bank of Canada Price Performance

OTCMKTS:NTIOF opened at $146.36 on Friday. The business’s 50-day simple moving average is $149.93 and its two-hundred day simple moving average is $152.33. National Bank of Canada has a 52 week low of $110.05 and a 52 week high of $171.47. The stock has a market cap of $55.88 billion, a PE ratio of 16.96, a P/E/G ratio of 1.24 and a beta of 0.87. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, August 26th. The financial services provider reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.11. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.75 billion. National Bank of Canada had a return on equity of 16.67% and a net margin of 17.22%. As a group, analysts forecast that National Bank of Canada will post 9.44 EPS for the current fiscal 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.