National Bank of Canada (OTCMKTS:NTIOF) Given Average Rating of “Hold” by Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several research analysts have commented on the company. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. National Bank Financial lowered National Bank of Canada from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. Desjardins reaffirmed a “buy” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of National Bank of Canada in a research report on Thursday, May 28th.

National Bank of Canada Stock Performance

OTCMKTS:NTIOF opened at $156.22 on Friday. The business’s 50-day moving average is $148.84 and its two-hundred day moving average is $135.23. 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 has a 12 month low of $98.20 and a 12 month high of $156.22. The firm has a market capitalization of $60.15 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.29 by $0.07. National Bank of Canada had a return on equity of 16.10% and a net margin of 14.49%.The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.81 billion. Research analysts predict that National Bank of Canada will post 9.21 earnings per share 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.