National Bank of Canada’s (NTIOF) “Hold” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reiterated their hold rating on shares of National Bank of Canada (OTCMKTS:NTIOF) in a research report sent to investors on Thursday morning.

Several other equities research analysts also recently commented on the company. ValuEngine downgraded National Bank of Canada from a hold rating to a sell rating in a report on Friday, October 12th. Zacks Investment Research downgraded National Bank of Canada from a hold rating to a sell rating in a report on Tuesday, August 14th. Finally, Barclays reiterated a hold rating on shares of National Bank of Canada in a report on Friday, November 16th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has an average rating of Hold and an average price target of $52.00.

Shares of OTCMKTS:NTIOF traded up $1.48 during mid-day trading on Thursday, hitting $45.06. 500 shares of the company traded hands, compared to its average volume of 3,258. The company has a market cap of $15.17 billion, a P/E ratio of 9.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 0.80. National Bank of Canada has a 52-week low of $42.96 and a 52-week high of $53.84.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, December 5th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.15 by $0.03. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. National Bank of Canada had a return on equity of 18.58% and a net margin of 20.02%. Analysts predict that National Bank of Canada will post 4.81 earnings per share for the current 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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