National Bank of Canada (OTCMKTS:NTIOF) Stock Rating Lowered by Desjardins

National Bank of Canada (OTCMKTS:NTIOF) was downgraded by stock analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other brokerages also recently weighed in on NTIOF. Zacks Research downgraded 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 reaffirmed a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. National Bank Financial downgraded shares of National Bank of Canada from a “neutral” rating to a “hold” rating in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

Shares of NTIOF stock opened at $161.63 on Tuesday. The stock’s 50-day moving average price is $156.44 and its 200 day moving average price is $143.43. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $62.14 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. National Bank of Canada has a 52-week low of $103.35 and a 52-week high of $171.47.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.07. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%.The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.81 billion. As a group, equities research analysts forecast that National Bank of Canada will post 9.21 EPS for the current 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.