National Bank of Canada (NTIOF) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of National Bank of Canada (OTCMKTS:NTIOF) in a research report report published on Friday, Automated Import reports. The brokerage issued a buy rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on NTIOF. ValuEngine raised shares of National Bank of Canada from a sell rating to a hold rating in a report on Friday, January 4th. Zacks Investment Research raised shares of National Bank of Canada from a sell rating to a hold rating in a report on Thursday, January 10th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $52.00.

Shares of OTCMKTS NTIOF opened at $47.16 on Friday. National Bank of Canada has a 52-week low of $39.85 and a 52-week high of $51.95. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 10.12 and a beta of 1.27.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, February 27th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.05). National Bank of Canada had a return on equity of 18.15% and a net margin of 19.45%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.39 billion. On average, equities analysts expect that National Bank of Canada will post 4.76 EPS for the current fiscal year.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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Analyst Recommendations for National Bank of Canada (OTCMKTS:NTIOF)

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