National Bank of Canada (OTCMKTS:NTIOF) Rating Increased to Strong-Buy at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce upgraded shares of National Bank of Canada (OTCMKTS:NTIOF) from a hold rating to a strong-buy rating in a research note issued to investors on Friday morning,Zacks.com reports.

Several other equities research analysts have also recently weighed in on NTIOF. Desjardins upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a report on Friday, December 5th. TD Securities restated a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 4th. National Bank Financial upgraded National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, National Bank of Canada has a consensus rating of “Moderate Buy”.

National Bank of Canada Price Performance

Shares of National Bank of Canada stock opened at $128.43 on Friday. The firm has a market cap of $49.87 billion, a PE ratio of 17.76 and a beta of 0.90. The stock has a 50 day moving average of $124.52 and a 200 day moving average of $115.05. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. National Bank of Canada has a 12 month low of $74.21 and a 12 month high of $129.11.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.13. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.43 billion. National Bank of Canada had a return on equity of 15.74% and a net margin of 13.07%. On average, research analysts expect that National Bank of Canada will post 7.63 EPS 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.