National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of National Bank of Canada (OTCMKTS:NTIOF) have received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have recently commented on NTIOF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a research report on Friday, December 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of National Bank of Canada in a research report on Friday, February 13th. Zacks Research upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. TD Securities reiterated a “hold” rating on shares of National Bank of Canada in a research note on Thursday, December 4th. Finally, Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research note on Friday, January 9th.

National Bank of Canada Stock Up 1.8%

Shares of NTIOF opened at $128.76 on Monday. The company’s 50-day simple moving average is $124.71 and its 200-day simple moving average is $115.62. 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 1 year low of $74.21 and a 1 year high of $129.11. The stock has a market capitalization of $50.00 billion, a PE ratio of 17.81 and a beta of 0.90.

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