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

Shares of National Bank of Canada (OTCMKTS:NTIOF) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several brokerages recently commented on NTIOF. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a report on Tuesday, June 16th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Desjardins reiterated a “buy” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Zacks Research cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, National Bank Financial cut National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th.

National Bank of Canada Stock Performance

Shares of NTIOF stock opened at $156.22 on Friday. The business’s 50 day simple moving average is $150.28 and its 200 day simple moving average is $136.46. National Bank of Canada has a one year low of $99.00 and a one year high of $158.32. The stock has a market capitalization of $60.15 billion, a PE ratio of 19.10, a PEG ratio of 1.42 and a beta of 0.88. 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 announced its earnings results 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 15.99% and a net margin of 14.49%.The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. As a group, research analysts forecast that National Bank of Canada will post 9.21 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.