National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Rating of “Hold” by Analysts

Shares of National Bank of Canada (OTCMKTS:NTIOF) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several analysts have recently weighed in on NTIOF shares. TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a research note on Wednesday, August 12th. Desjardins cut National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. National Bank Financial upgraded National Bank of Canada from a “hold” rating to an “outperform” rating in a report on Tuesday, August 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, August 27th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of National Bank of Canada in a report on Thursday, September 3rd.

National Bank of Canada Trading Down 0.9%

NTIOF stock opened at $152.09 on Friday. National Bank of Canada has a 12 month low of $105.65 and a 12 month high of $171.47. The firm’s 50-day moving average is $160.05 and its 200 day moving average is $149.81. The company has a market capitalization of $58.38 billion, a PE ratio of 17.62, a P/E/G ratio of 1.29 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, August 26th. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.11. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.75 billion. National Bank of Canada had a net margin of 17.22% and a return on equity of 16.74%. On average, research analysts anticipate that National Bank of Canada will post 9.44 EPS for the current year.

Institutional Trading of National Bank of Canada

A hedge fund recently bought a new position in National Bank of Canada stock. Public Employees Retirement System of Ohio bought a new position in shares of National Bank of Canada (OTCMKTS:NTIOF) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 63,587 shares of the financial services provider’s stock, valued at approximately $2,825,000. Institutional investors and hedge funds own 0.06% of the company’s stock.

About National Bank of Canada

National Bank of Canada is a diversified financial services institution headquartered in Montreal, Quebec. Founded in 1859, it is one of Canada’s largest banks and serves individuals, businesses, institutional clients and governments through a range of banking and investment services.

The bank’s principal activities include personal and commercial banking, wealth management, financial markets and specialized financial services. Its offerings include deposit accounts, mortgages, consumer and business loans, investment and advisory services, brokerage, insurance-related solutions and capital-markets services.

National Bank primarily serves customers across Canada, with a particularly strong presence in Quebec, and also operates internationally through selected subsidiaries and activities in the United States, Cambodia and other markets.