National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of National Bank of Canada (OTCMKTS:NTIOF) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company.

Several research firms have issued reports on NTIOF. Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research report on Friday, February 13th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a report on Friday, January 9th. Finally, Zacks Research upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th.

National Bank of Canada Trading Up 0.6%

Shares of National Bank of Canada stock opened at $134.02 on Tuesday. The firm has a market cap of $51.89 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.22 and a beta of 0.86. The business has a 50-day moving average price of $130.22 and a 200-day moving average price of $121.82. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. National Bank of Canada has a twelve month low of $74.21 and a twelve month high of $141.07.

National Bank of Canada (OTCMKTS:NTIOF) last released 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 return on equity of 15.69% and a net margin of 13.60%.The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $3.68 billion. Equities research analysts anticipate 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.