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

National Bank of Canada (OTCMKTS:NTIOF)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $164.10 and last traded at $158.51, with a volume of 761 shares traded. The stock had previously closed at $157.74.

Analyst Ratings Changes

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

National Bank of Canada Price Performance

The firm has a fifty day moving average of $150.87 and a 200 day moving average of $137.22. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $61.03 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.43 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.81 billion. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. On average, equities 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.