National Bank of Canada (OTCMKTS:NTIOF) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of National Bank of Canada (OTCMKTS:NTIOF) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

NTIOF has been the topic of several analyst reports. Zacks Research lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research note on Monday. Canadian Imperial Bank of Commerce raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a report on Friday, February 13th.

National Bank of Canada Stock Performance

Shares of OTCMKTS:NTIOF opened at $151.62 on Friday. The business’s fifty day moving average price is $139.10 and its two-hundred day moving average price is $127.48. National Bank of Canada has a fifty-two week low of $89.31 and a fifty-two week high of $153.69. The stock has a market capitalization of $58.44 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.19. National Bank of Canada had a return on equity of 15.69% and a net margin of 13.60%.The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $3.68 billion. As a group, analysts predict that National Bank of Canada will post 9.15 EPS for the current fiscal year.

About National Bank of Canada

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.