Nordea Bank AB (OTCMKTS:NRDBY) Given Consensus Rating of “Hold” by Analysts

Nordea Bank AB (OTCMKTS:NRDBY) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

A number of analysts have commented on the company. Nordea Equity Research downgraded Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research note on Monday, November 24th. Kepler Capital Markets upgraded shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Zacks Research lowered shares of Nordea Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Finally, The Goldman Sachs Group downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th.

Nordea Bank Price Performance

Shares of Nordea Bank stock opened at $20.03 on Friday. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $68.66 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 3.57 and a beta of 0.63. The firm has a fifty day moving average price of $19.14 and a two-hundred day moving average price of $17.33. Nordea Bank has a fifty-two week low of $11.07 and a fifty-two week high of $20.61.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Nordea Bank had a net margin of 22.36% and a return on equity of 15.89%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.42 billion. Analysts expect that Nordea Bank will post 1.4 EPS for the current year.

Nordea Bank Company Profile

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.