National Bank of Canada (OTCMKTS:NTIOF) Receives Average Recommendation of “Hold” from Analysts

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Shares of National Bank of Canada (OTCMKTS:NTIOF) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $64.00.

A number of equities analysts have recently issued reports on the stock. Barclays cut shares of National Bank of Canada from an “equal weight” rating to an “underweight” rating and set a $64.00 price objective for the company. in a research note on Tuesday, June 11th. ValuEngine upgraded shares of National Bank of Canada from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Jefferies Financial Group assumed coverage on shares of National Bank of Canada in a research note on Friday, May 3rd. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of National Bank of Canada from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Canaccord Genuity restated a “hold” rating on shares of National Bank of Canada in a research note on Friday, May 31st.

National Bank of Canada stock traded up $0.60 during mid-day trading on Friday, reaching $46.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. National Bank of Canada has a fifty-two week low of $39.85 and a fifty-two week high of $50.64. The stock has a 50 day moving average of $48.06 and a 200-day moving average of $46.98. The firm has a market capitalization of $15.25 billion, a P/E ratio of 9.88 and a beta of 1.26.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Thursday, May 30th. The financial services provider reported $1.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.13. National Bank of Canada had a net margin of 19.09% and a return on equity of 18.09%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. As a group, equities research analysts predict that National Bank of Canada will post 4.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Tuesday, June 25th were given a dividend of $0.508 per share. The ex-dividend date was Monday, June 24th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 4.41%. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.48. National Bank of Canada’s dividend payout ratio (DPR) is 43.13%.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

Further Reading: CD Ladder

Analyst Recommendations for National Bank of Canada (OTCMKTS:NTIOF)

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