National Bank of Canada (OTCMKTS:NTIOF) Receives Consensus Recommendation of “Hold” from Brokerages

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

A number of brokerages recently weighed in on NTIOF. National Bank Financial cut shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a report on Monday, May 4th. Canadian Imperial Bank of Commerce cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th.

National Bank of Canada Trading Up 0.3%

Shares of OTCMKTS:NTIOF opened at $153.66 on Wednesday. The stock has a market capitalization of $59.23 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.38 and a beta of 0.91. National Bank of Canada has a 1-year low of $93.46 and a 1-year high of $154.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50 day moving average price of $142.71 and a 200 day moving average price of $131.20.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.19. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $3.68 billion. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.69%. On average, research analysts anticipate that National Bank of Canada will post 9.28 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.