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

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

A number of analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of National Bank of Canada in a research note on Thursday, September 3rd. Royal Bank Of Canada reissued a “sector perform” 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 report on Tuesday, August 18th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Thursday, August 27th. Finally, Desjardins downgraded National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th.

National Bank of Canada Trading Up 0.5%

OTCMKTS NTIOF opened at $142.19 on Tuesday. The stock has a market cap of $54.44 billion, a P/E ratio of 16.48, a PEG ratio of 1.19 and a beta of 0.87. The company’s fifty day simple moving average is $155.93 and its 200-day simple moving average is $151.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. National Bank of Canada has a 52 week low of $106.84 and a 52 week high of $171.47.

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

Hedge Funds Weigh In On National Bank of Canada

A hedge fund 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) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 63,587 shares of the financial services provider’s stock, valued at approximately $2,825,000. 0.06% of the stock is owned by hedge funds and other institutional investors.

National Bank of Canada Company Profile

National Bank of Canada is a diversified financial institution headquartered in Montreal, Quebec. Founded in 1859, it is one of Canada’s major banks and serves individuals, businesses, institutions and governments through a broad range of financial services.

The bank’s activities include personal banking, commercial banking, wealth management and financial markets. Its offerings include deposit accounts, mortgages, personal and business lending, investment and advisory services, brokerage services, payment solutions and corporate finance.