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

National Bank of Canada (OTCMKTS:NTIOF) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $157.53 and last traded at $157.53, with a volume of 202291 shares. The stock had previously closed at $156.22.

Analysts Set New Price Targets

NTIOF has been the topic of a number of analyst reports. Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Tuesday, June 16th. Desjardins reiterated a “buy” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Finally, National Bank Financial lowered National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Two research 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, National Bank of Canada presently has an average rating of “Hold”.

National Bank of Canada Stock Up 0.8%

The company’s 50 day simple moving average is $149.20 and its 200-day simple moving average is $135.58. 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 firm has a market capitalization of $60.66 billion, a PE ratio of 19.26, a PEG ratio of 1.42 and a beta of 0.88.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.07. National Bank of Canada had a net margin of 14.49% and a return on equity of 16.10%. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. On average, analysts forecast that National Bank of Canada will post 9.21 EPS for the current fiscal year.

National Bank of Canada Company Profile

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.