National Bank of Canada (NTIOF) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst consensus is “Hold”: Five of eight analysts rate National Bank of Canada neutral, while three recommend buying. Recent changes were mixed, with Desjardins downgrading the stock and National Bank Financial upgrading it.
• Quarterly results exceeded expectations: The bank reported EPS of $2.43 versus the $2.32 consensus estimate and revenue of $2.89 billion, above the $2.75 billion forecast. Analysts expect full-year EPS of approximately $9.44.
• Shares opened at $146.36, with a market capitalization of $55.88 billion and a one-year trading range of $110.05 to $171.47. Institutional ownership remains very low at 0.06%, despite a new 63,587-share position purchased by the Public Employees Retirement System of Ohio.

Shares of National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) have earned a consensus rating of "Hold" from the eight analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of research firms recently issued reports on NTIOF. Royal Bank Of Canada reissued a "sector perform" rating on shares of National Bank of Canada in a report on Thursday, August 27th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of National Bank of Canada in a report on Thursday, September 3rd. Scotiabank reiterated an "outperform" rating on shares of National Bank of Canada in a research report on Thursday, August 27th. Desjardins cut shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, National Bank Financial raised shares of National Bank of Canada from a "hold" rating to an "outperform" rating in a research report on Tuesday, August 18th.

National Bank of Canada Stock Performance

Shares of NTIOF opened at $146.36 on Friday. The firm has a market capitalization of $55.88 billion, a P/E ratio of 16.96, a PEG ratio of 1.24 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. National Bank of Canada has a one year low of $110.05 and a one year high of $171.47. The business has a fifty day moving average of $149.93 and a 200 day moving average of $152.33.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.11. National Bank of Canada had a return on equity of 16.67% and a net margin of 17.22%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.75 billion. As a group, sell-side analysts anticipate that National Bank of Canada will post 9.44 EPS for the current year.

Institutional Investors Weigh In On National Bank of Canada

An institutional investor recently bought a new position in National Bank of Canada stock. Public Employees Retirement System of Ohio purchased a new stake in shares of National Bank of Canada (OTCMKTS:NTIOF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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.

National Bank of Canada Company Profile

National Bank of Canada is a Canadian financial institution headquartered in Montreal, Quebec. Founded in 1859, the bank provides a broad range of banking and financial services to individuals, businesses, institutional clients and governments.

Its activities include personal and commercial banking, wealth management, investment banking, securities brokerage, financial markets and specialized finance. Products and services include deposit accounts, mortgages, consumer and business loans, credit facilities, investment products, portfolio management, financial planning, capital-markets advisory and trading services.

National Bank primarily serves customers across Quebec and other Canadian provinces through its banking and wealth-management operations.

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