National Bank of Canada (OTCMKTS:NTIOF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has received a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

A number of analysts have recently issued reports on NTIOF shares. TD Securities restated a “hold” rating on shares of National Bank of Canada in a report on Thursday, December 4th. Canadian Imperial Bank of Commerce raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday. Zacks Research raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research report on Friday. Finally, Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a report on Friday, January 9th.

National Bank of Canada Stock Performance

NTIOF opened at $128.43 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The firm has a market cap of $49.87 billion, a PE ratio of 17.76 and a beta of 0.90. The business has a fifty day simple moving average of $124.52 and a 200-day simple moving average of $115.20. National Bank of Canada has a fifty-two week low of $74.21 and a fifty-two week high of $129.11.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.13. National Bank of Canada had a return on equity of 15.74% and a net margin of 13.07%.The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.43 billion. As a group, equities analysts predict 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.