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

Shares of National Bank of Canada (OTCMKTS:NTIOF) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company.

A number of equities analysts have commented on the stock. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research note on Friday, February 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research note on Friday, December 5th. TD Securities reiterated 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 note on Friday, February 13th. Finally, Zacks Research upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th.

National Bank of Canada Stock Down 0.8%

Shares of NTIOF opened at $131.61 on Friday. The firm has a fifty day moving average price of $127.71 and a 200-day moving average price of $119.09. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $50.96 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.21 and a beta of 0.85. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $141.07.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.15 by $0.19. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.77%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $3.68 billion. Equities research analysts expect that National Bank of Canada will post 7.63 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.