National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.
A number of brokerages have weighed in on NTIOF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. National Bank Financial cut shares of National Bank of Canada from a “neutral” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a report on Tuesday, June 16th.
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Hedge Funds Weigh In On National Bank of Canada
National Bank of Canada Trading Down 0.3%
Shares of NTIOF opened at $165.44 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. National Bank of Canada has a fifty-two week low of $103.35 and a fifty-two week high of $171.47. The company’s fifty day moving average is $159.00 and its 200 day moving average is $145.35. The stock has a market capitalization of $63.51 billion, a PE ratio of 20.22, a P/E/G ratio of 1.51 and a beta of 0.87.
National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.81 billion. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%. Sell-side analysts expect that National Bank of Canada will post 9.21 earnings per share for the current fiscal 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.
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