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

Shares of National Bank of Canada (OTCMKTS:NTIOF) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

NTIOF has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, August 27th. TD Securities reiterated a “hold” rating on shares of National Bank of Canada in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of National Bank of Canada in a research note on Thursday, September 3rd. Desjardins downgraded shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, National Bank Financial raised shares of National Bank of Canada from a “hold” rating to an “outperform” rating in a research note on Tuesday, August 18th.

National Bank of Canada Stock Down 0.5%

NTIOF opened at $141.84 on Tuesday. National Bank of Canada has a 12 month low of $106.84 and a 12 month high of $171.47. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $54.30 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.20 and a beta of 0.87. The stock’s 50 day moving average price is $156.32 and its 200 day moving average price is $151.15.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, August 26th. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.11. National Bank of Canada had a return on equity of 16.67% and a net margin of 17.22%.The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.75 billion. As a group, research analysts predict that National Bank of Canada will post 9.44 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in National Bank of Canada stock. Public Employees Retirement System of Ohio bought a new position in National Bank of Canada (OTCMKTS:NTIOF) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 63,587 shares of the financial services provider’s stock, valued at approximately $2,825,000. 0.06% of the stock is currently owned by institutional investors.

National Bank of Canada Company Profile

National Bank of Canada is a diversified financial institution headquartered in Montreal, Quebec. Founded in 1859, it is one of Canada’s major banks and serves individuals, businesses, institutions and governments through a broad range of financial services.

The bank’s activities include personal banking, commercial banking, wealth management and financial markets. Its offerings include deposit accounts, mortgages, personal and business lending, investment and advisory services, brokerage services, payment solutions and corporate finance.