National Bank of Canada (OTCMKTS:NTIOF) Given Average Rating 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 brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company.

NTIOF has been the subject of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a report on Friday, January 9th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a report on Friday, December 5th. Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research note on Friday, February 13th. Finally, TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 4th.

National Bank of Canada Stock Down 1.8%

OTCMKTS NTIOF opened at $130.08 on Friday. 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 fifty-two week low of $74.21 and a fifty-two week high of $141.07. The business has a 50 day moving average price of $128.23 and a two-hundred day moving average price of $119.65. The stock has a market cap of $50.37 billion, a PE ratio of 17.37, a P/E/G ratio of 1.21 and a beta of 0.85.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.19. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.77%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $3.68 billion. As a group, sell-side analysts predict 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.