National Bank of Canada’s (NTIOF) Hold Rating Reiterated at Barclays

National Bank of Canada (OTCMKTS:NTIOF)‘s stock had its “hold” rating reissued by analysts at Barclays in a research report issued to clients and investors on Thursday.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded National Bank of Canada from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Friday, October 5th. Canaccord Genuity reiterated a “hold” rating on shares of National Bank of Canada in a research report on Thursday. Finally, ValuEngine lowered National Bank of Canada from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $52.00.

Shares of OTCMKTS NTIOF opened at $44.68 on Thursday. The company has a market capitalization of $15.17 billion, a P/E ratio of 9.59 and a beta of 1.33. National Bank of Canada has a 52 week low of $42.96 and a 52 week high of $53.84. 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 (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, December 5th. The financial services provider reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.03. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. National Bank of Canada had a return on equity of 18.58% and a net margin of 20.02%. Sell-side analysts predict that National Bank of Canada will post 4.81 earnings per share for the current fiscal year.

About National Bank of Canada

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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