National Bank of Canada (OTCMKTS:NTIOF) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analysts rate National Bank of Canada “Hold” on average: Five of eight analysts recommend holding the stock, while three rate it a buy. Recent actions included upgrades to “outperform” and downgrades to “hold.”
• The bank exceeded quarterly expectations, reporting $2.43 in earnings per share versus a $2.32 consensus estimate and $2.89 billion in revenue versus $2.75 billion expected.
• Shares opened at $148.09, with a market capitalization of $56.69 billion and a 12-month trading range of $105.65 to $171.47. Institutional ownership remains limited at 0.06%, although Ohio’s public employees’ retirement system recently purchased 63,587 shares.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) has received an average recommendation of "Hold" from the eight analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several equities research analysts recently weighed in on the stock. National Bank Financial upgraded shares of National Bank of Canada from a "hold" rating to an "outperform" rating in a research note on Tuesday, August 18th. Scotiabank restated 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 report on Tuesday, August 4th. Royal Bank Of Canada reissued a "sector perform" rating on shares of National Bank of Canada in a research note on Thursday, August 27th. Finally, TD Securities restated a "hold" rating on shares of National Bank of Canada in a research report on Wednesday, August 12th.

Institutional Trading of 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 position in shares of National Bank of Canada (OTCMKTS:NTIOF - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 63,587 shares of the financial services provider's stock, valued at approximately $2,825,000. Institutional investors own 0.06% of the company's stock.

National Bank of Canada Stock Performance

Shares of NTIOF opened at $148.09 on Tuesday. The stock has a market capitalization of $56.69 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86. The business's fifty day moving average price is $157.38 and its 200 day moving average price is $150.94. 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 12-month low of $105.65 and a 12-month high of $171.47.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its earnings results on Wednesday, August 26th. The financial services provider reported $2.43 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.11. National Bank of Canada had a net margin of 17.22% and a return on equity of 16.67%. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.75 billion. Equities research analysts forecast that National Bank of Canada will post 9.44 EPS for the current year.

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.

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