National Bank of Canada (NTIOF) Stock Forecast & Price Target

$95.58 -0.38 (-0.40%)

(As of 11/6/2024 ET)

National Bank of Canada - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 1 Analyst Ratings

Sell
0

Hold
1

Buy
0

Based on 1 Wall Street analysts who have issued ratings for National Bank of Canada in the last 12 months, the stock has a consensus rating of "Hold." Out of the 1 analysts, 1 has given a hold rating for NTIOF.

Consensus Price Target

N/A

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NTIOF Analyst Ratings Over Time

Type	Current Forecast 11/8/23 to 11/7/24	1 Month Ago 10/9/23 to 10/8/24	3 Months Ago 8/10/23 to 8/9/24	1 Year Ago 11/8/22 to 11/8/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	N/A	N/A
Buy	0 Buy rating(s)	0 Buy rating(s)	N/A	N/A
Hold	1 Hold rating(s)	1 Hold rating(s)	N/A	N/A
Sell	0 Sell rating(s)	0 Sell rating(s)	N/A	N/A
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A
Consensus Rating	Hold	Hold	N/A	N/A

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NTIOF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NTIOF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

National Bank of Canada Stock vs. The Competition

Type	National Bank of Canada	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.47	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	N/A	9.83% Upside	7.32% Upside
News Sentiment Rating	Neutral News See Recent NTIOF News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
9/20/2024	Cibc World Mkts 0 of 5 stars	P. Holden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/24/2023	National Bank Financial 5 of 5 stars		Boost Target		C$102.00 ➝ C$105.00
11/22/2022	Scotiabank 5 of 5 stars		Boost Target		C$144.00 ➝ C$149.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:36 AM ET.

Should I Buy National Bank of Canada Stock? NTIOF Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 13, 2024. Please send any questions or comments about these National Bank of Canada pros and cons to contact@marketbeat.com.

National Bank of Canada
Bull Case

Here are some ways that investors could benefit from investing in National Bank of Canada:

National Bank of Canada announced a dividend increase to $0.8081 per share, indicating a positive outlook on the company's financial health and potential for returns to investors.
Strong quarterly earnings results with $1.96 earnings per share and a net margin of 19.10% showcase the company's profitability and efficiency in generating revenue.
Diversified business segments including Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International provide stability and growth opportunities across various sectors.
Market capitalization of $31.88 billion reflects the company's size and presence in the financial industry, offering investors a stake in a well-established institution.
Consistent stock performance with a 52-week high of $94.20 and a 52-week low of $60.71 demonstrates resilience and potential for capital appreciation.

National Bank of Canada
Bear Case

Investors should be bearish about investing in National Bank of Canada for these reasons:

While the dividend increase is positive, the dividend yield of 3.45% may be considered relatively low compared to other investment opportunities, potentially impacting income-focused investors.
The company's debt-to-equity ratio of 0.06 may indicate a moderate level of leverage, which could pose risks in times of economic downturns or interest rate fluctuations.
Volatility in the financial markets and the company's beta of 1.08 suggest that the stock may be subject to market fluctuations and could experience higher levels of risk compared to the market average.
Current stock price of $93.66 may be perceived as relatively high, potentially limiting immediate upside potential for investors looking for undervalued opportunities.
Competitive landscape in the financial services industry may pose challenges for National Bank of Canada in terms of market share growth and differentiation, impacting long-term sustainability.

NTIOF Forecast - Frequently Asked Questions

: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for National Bank of Canada in the last year. There is currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NTIOF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTIOF, but not buy additional shares or sell existing shares.
: According to analysts, National Bank of Canada's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, National Bank of Canada's stock had 1 downgrade by analysts.
: National Bank of Canada has been rated by research analysts at Cibc World Mkts in the past 90 days.
: Analysts like National Bank of Canada less than other "finance" companies. The consensus rating score for National Bank of Canada is 2.00 while the average consensus rating score for "finance" companies is 2.48. Learn more on how NTIOF compares to other companies.

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This page (OTCMKTS:NTIOF) was last updated on 11/7/2024 by MarketBeat.com Staff

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National Bank of Canada (NTIOF) Stock Forecast & Price Target