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

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

Several other equities research analysts also recently weighed in on the company. TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a report on Thursday, December 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a report on Friday, December 5th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research report on Friday, January 9th. Desjardins upgraded National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Finally, Zacks Research raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, National Bank of Canada presently has a consensus rating of “Moderate Buy”.

National Bank of Canada Trading Up 1.6%

Shares of National Bank of Canada stock opened at $128.43 on Friday. The company’s fifty day moving average is $124.52 and its two-hundred day moving average is $115.12. National Bank of Canada has a 1 year low of $74.21 and a 1 year high of $129.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $49.87 billion, a P/E ratio of 17.76 and a beta of 0.90.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.13. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $3.43 billion. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%. Analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current 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.