National Bank of Canada (OTCMKTS:NTIOF) Shares Gap Up – What’s Next?

National Bank of Canada (OTCMKTS:NTIOF)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $155.56, but opened at $164.10. National Bank of Canada shares last traded at $164.10, with a volume of 202 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NTIOF. National Bank Financial cut National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Desjardins reiterated a “buy” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Raymond James Financial reiterated a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Finally, Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, National Bank of Canada presently has an average rating of “Hold”.

National Bank of Canada Stock Down 2.0%

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The stock has a market cap of $59.83 billion, a PE ratio of 19.00, a P/E/G ratio of 1.44 and a beta of 0.87. The business has a 50 day moving average price of $151.02 and a 200 day moving average price of $137.43.

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. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%.The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Equities research analysts expect that National Bank of Canada will post 9.21 EPS for the current fiscal 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.