National Bank of Canada (OTCMKTS:NTIOF) Hits New 1-Year High – What’s Next?

Shares of National Bank of Canada (OTCMKTS:NTIOF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $171.47 and last traded at $166.89, with a volume of 435 shares trading hands. The stock had previously closed at $166.98.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NTIOF shares. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Desjardins reissued a “buy” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, June 16th. National Bank Financial lowered shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

National Bank of Canada Stock Down 0.2%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50 day simple moving average is $154.10 and its 200 day simple moving average is $140.58. The firm has a market cap of $62.07 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.47 and a beta of 0.87.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. Research analysts anticipate that National Bank of Canada will post 9.21 EPS for the current year.

About National Bank of Canada

National Bank of Canada (OTCMKTS: NTIOF) is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.