National Bank of Canada (NTIOF) Receives Average Recommendation of “Hold” from Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating.

A number of brokerages have recently commented on NTIOF. Zacks Investment Research upgraded shares of National Bank of Canada from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Friday, October 5th. ValuEngine lowered shares of National Bank of Canada from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Barclays reiterated a “hold” rating on shares of National Bank of Canada in a research note on Friday, November 16th. Canaccord Genuity reiterated a “hold” rating on shares of National Bank of Canada in a research note on Thursday, November 22nd. Finally, Desjardins reiterated a “hold” rating on shares of National Bank of Canada in a research note on Tuesday, December 11th.

National Bank of Canada stock traded up $0.07 during trading hours on Friday, hitting $44.88. The stock had a trading volume of 8,526 shares, compared to its average volume of 12,613. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $14.77 billion, a PE ratio of 9.63 and a beta of 1.28. National Bank of Canada has a 12-month low of $39.85 and a 12-month high of $53.84.



National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, December 5th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.03. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. National Bank of Canada had a net margin of 20.02% and a return on equity of 18.58%. As a group, equities research analysts forecast that National Bank of Canada will post 4.81 EPS for the current fiscal year.

National Bank of Canada Company Profile

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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