National Bank of Canada (OTCMKTS:NTIOF) Receives Average Rating of “Hold” from Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has received a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

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

National Bank of Canada Price Performance

National Bank of Canada stock opened at $142.25 on Tuesday. The company’s 50 day simple moving average is $155.55 and its 200-day simple moving average is $151.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. National Bank of Canada has a 1 year low of $106.84 and a 1 year high of $171.47. The company has a market capitalization of $54.46 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87.

National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, August 26th. The financial services provider reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.11. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.75 billion. National Bank of Canada had a net margin of 17.22% and a return on equity of 16.67%. As a group, equities research analysts expect that National Bank of Canada will post 9.44 earnings per share for the current year.

Hedge Funds Weigh In On National Bank of Canada

A hedge fund recently bought a new stake in National Bank of Canada stock. Public Employees Retirement System of Ohio bought a new stake in National Bank of Canada (OTCMKTS:NTIOF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 63,587 shares of the financial services provider’s stock, valued at approximately $2,825,000. 0.06% of the stock is currently owned by institutional investors.

National Bank of Canada Company Profile

National Bank of Canada is a diversified financial institution headquartered in Montreal, Quebec. Founded in 1859, it is one of Canada’s major banks and serves individuals, businesses, institutions and governments through a broad range of financial services.

The bank’s activities include personal banking, commercial banking, wealth management and financial markets. Its offerings include deposit accounts, mortgages, personal and business lending, investment and advisory services, brokerage services, payment solutions and corporate finance.