National Bank of Canada (OTCMKTS:NTIOF) – Research analysts at Desjardins lowered their Q2 2019 earnings estimates for shares of National Bank of Canada in a report released on Monday, May 13th. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings per share of $1.14 for the quarter, down from their prior estimate of $1.18.
National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, February 27th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.05). National Bank of Canada had a return on equity of 18.15% and a net margin of 19.45%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion.
Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of National Bank of Canada from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Jefferies Financial Group initiated coverage on shares of National Bank of Canada in a research report on Friday, May 3rd. They issued a “buy” rating on the stock. Finally, ValuEngine lowered shares of National Bank of Canada from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. National Bank of Canada has an average rating of “Hold” and an average target price of $52.00.
Shares of NTIOF opened at $46.69 on Wednesday. National Bank of Canada has a twelve month low of $39.85 and a twelve month high of $51.95. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 10.02 and a beta of 1.27.
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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