National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• National Bank of Canada has a consensus “Hold” rating among eight analysts: five recommend holding the stock, while three rate it a buy. Desjardins recently downgraded the shares from “moderate buy” to “hold.”
• The stock opened at $158.20 and was reported up 2.9%, with a market capitalization of approximately $60.73 billion. Its shares trade at a price-to-earnings ratio of 18.33 and have ranged from $104.32 to $171.47 over the past year.
• National Bank exceeded quarterly expectations, reporting $2.43 EPS versus the $2.32 consensus estimate and revenue of $2.89 billion versus $2.75 billion expected. Analysts project full-year EPS of $9.44.

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

Several research firms have weighed in on NTIOF. Raymond James Financial restated a "market perform" rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of National Bank of Canada in a research report on Thursday. 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. Royal Bank Of Canada restated a "sector perform" rating on shares of National Bank of Canada in a research report on Thursday, August 27th. Finally, TD Securities reaffirmed a "hold" rating on shares of National Bank of Canada in a research note on Wednesday, August 12th.

National Bank of Canada Stock Up 2.9%

NTIOF opened at $158.20 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $60.73 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.29 and a beta of 0.86. National Bank of Canada has a one year low of $104.32 and a one year high of $171.47. The business's fifty day moving average is $160.17 and its two-hundred day moving average is $148.87.

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, topping the consensus estimate of $2.32 by $0.11. National Bank of Canada had a return on equity of 16.74% 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. Analysts anticipate that National Bank of Canada will post 9.44 EPS for the current fiscal 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 acquired a new stake in National Bank of Canada (OTCMKTS:NTIOF - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 and hedge funds.

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.

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