National Bank of Canada (OTCMKTS:NTIOF) Rating Lowered to "Strong Sell" at Zacks Research

Key Points

• National Bank of Canada was downgraded from a "hold" to a "strong sell" rating by Zacks Research, reflecting analyst concerns regarding its performance.
• The bank reported earnings of $1.95 per share, which missed analysts' expectations of $1.98, alongside revenues that fell significantly short of estimates.
• The stock currently has a consensus rating of "Hold", with varying ratings from different analysts, including two "Buy" ratings and two "Sell" ratings.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of National Bank of Canada in a research note on Thursday, August 28th. Cibc World Mkts raised National Bank of Canada from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Scotiabank restated an "outperform" rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

National Bank of Canada Price Performance

National Bank of Canada stock opened at $109.27 on Monday. The business's 50-day simple moving average is $107.71 and its 200 day simple moving average is $99.82. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market cap of $42.86 billion, a price-to-earnings ratio of 14.91 and a beta of 0.96. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $110.28.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its earnings results on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.03). The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $3.47 billion. National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%. As a group, research analysts anticipate that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.

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