National Bank of Canada (OTCMKTS:NTIOF) Lowered to Hold Rating by Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce cut shares of National Bank of Canada (OTCMKTS:NTIOF) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

NTIOF has been the topic of several other research reports. Raymond James Financial reiterated a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday. National Bank Financial downgraded National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a report on Monday, May 4th. Finally, Zacks Research cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

National Bank of Canada Stock Up 0.5%

Shares of OTCMKTS:NTIOF opened at $149.65 on Wednesday. The company has a market cap of $57.68 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.35 and a beta of 0.91. The firm’s 50-day simple moving average is $140.20 and its 200-day simple moving average is $128.93. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. National Bank of Canada has a fifty-two week low of $91.19 and a fifty-two week high of $153.69.

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, topping analysts’ consensus estimates of $2.15 by $0.19. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $3.68 billion. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.69%. As a group, equities research analysts predict that National Bank of Canada will post 9.26 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.