Nordea Bank AB (OTCMKTS:NRDBY) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Nordea Bank has a consensus “Hold” rating from seven analysts: one sell, three hold, two buy and one strong-buy recommendation. Goldman Sachs maintained a neutral view, while Morgan Stanley and Citigroup reiterated overweight and buy ratings, respectively.
• The stock opened at $20.43, near its 52-week high of $20.89, with a $69.52 billion market capitalization and a P/E ratio of 12.69.
• Nordea exceeded quarterly expectations, reporting EPS of $0.42 versus the $0.40 consensus and revenue of $3.47 billion compared with estimates of $3.41 billion. Analysts expect full-year EPS of approximately $1.78.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) has earned an average recommendation of "Hold" from the seven analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have recently weighed in on NRDBY shares. The Goldman Sachs Group reiterated a "neutral" rating on shares of Nordea Bank in a research note on Monday, July 20th. Morgan Stanley restated an "overweight" rating on shares of Nordea Bank in a research report on Tuesday, May 12th. Finally, Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research report on Friday, July 17th.

Nordea Bank Price Performance

Shares of OTCMKTS NRDBY opened at $20.43 on Wednesday. Nordea Bank has a 52 week low of $15.24 and a 52 week high of $20.89. The business's 50 day moving average price is $19.55 and its 200 day moving average price is $18.97. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.79. The firm has a market cap of $69.52 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.86 and a beta of 0.62.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. On average, sell-side analysts expect that Nordea Bank will post 1.78 earnings per share for the current year.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank's core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.

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