National Bank of Canada (OTCMKTS:NTIOF) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus "Moderate Buy": Eight research firms cover National Bank of Canada, giving an average rating of Moderate Buy (four hold, three buy, one strong buy), with recent notes including upgrades from CIBC and an outperform from Scotiabank.
• Recent financials show a mixed quarter: the bank reported an EPS beat of $2.34 vs. $2.15 expected but revenue missed at $2.85B versus $3.68B; net margin was 13.6% and return on equity 15.69%, with analysts projecting fiscal-year EPS of about 9.13.
• Stock is trading near its 52-week high—opened at $151.00—with a market cap of $58.3B, a PE of 20.16, a 50-day/200-day moving average of $137.84/$126.32, and a 52-week range of $88.20–$152.49.

Shares of National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) have been given an average rating of "Moderate Buy" by the eight research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of analysts have recently issued reports on NTIOF shares. Scotiabank reissued an "outperform" rating on shares of National Bank of Canada in a research note on Friday, January 9th. Zacks Research cut shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 13th. Finally, Raymond James Financial reissued a "market perform" rating on shares of National Bank of Canada in a research note on Friday, February 13th.

National Bank of Canada Stock Performance

Shares of OTCMKTS NTIOF opened at $151.00 on Friday. The firm has a fifty day moving average price of $137.84 and a 200-day moving average price of $126.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $58.28 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. National Bank of Canada has a 1 year low of $88.20 and a 1 year high of $152.49.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.19. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $3.68 billion. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.69%. Equities analysts anticipate that National Bank of Canada will post 9.13 earnings per share for the current fiscal year.

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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