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

National Bank of Canada (OTCMKTS:NTIOF) has been given an average rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $64.00.

A number of equities research analysts have weighed in on the company. Zacks Investment Research restated a “sell” rating on shares of National Bank of Canada in a research note on Saturday, June 29th. Barclays lowered National Bank of Canada from an “equal weight” rating to an “underweight” rating and set a $64.00 price objective for the company. in a research note on Tuesday, June 11th. Canaccord Genuity restated a “hold” rating on shares of National Bank of Canada in a research note on Friday, May 31st. Jefferies Financial Group assumed coverage on National Bank of Canada in a research note on Friday, May 3rd. They set a “buy” rating for the company. Finally, ValuEngine upgraded National Bank of Canada from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st.

Shares of NTIOF stock remained flat at $$48.29 during trading hours on Friday. The stock had a trading volume of 5,700 shares, compared to its average volume of 3,245. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. National Bank of Canada has a fifty-two week low of $39.85 and a fifty-two week high of $51.95. The firm has a market cap of $16.19 billion, a PE ratio of 10.36 and a beta of 1.23. The company has a fifty day moving average of $46.55.

National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Thursday, May 30th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. National Bank of Canada had a return on equity of 18.09% and a net margin of 19.09%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. On average, equities analysts predict that National Bank of Canada will post 4.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Tuesday, June 25th will be paid a dividend of $0.508 per share. This represents a $2.03 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Monday, June 24th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.48. National Bank of Canada’s dividend payout ratio (DPR) is 43.13%.

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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Analyst Recommendations for National Bank of Canada (OTCMKTS:NTIOF)

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