National Bank of Canada (OTCMKTS:NTIOF) Given Average Rating of “Hold” by Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has been given an average rating of “Hold” by the eight research firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several equities research analysts recently issued reports on the company. National Bank Financial lowered National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a report on Tuesday, June 16th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, May 28th.

National Bank of Canada Stock Performance

OTCMKTS NTIOF opened at $165.86 on Thursday. The company’s 50 day simple moving average is $153.68 and its two-hundred day simple moving average is $140.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. National Bank of Canada has a 1 year low of $99.00 and a 1 year high of $168.79. The stock has a market capitalization of $63.77 billion, a PE ratio of 20.28, a P/E/G ratio of 1.51 and a beta of 0.87.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.81 billion. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. Analysts predict that National Bank of Canada will post 9.21 earnings per share 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.