National Bank of Canada (OTCMKTS:NTIOF) Hits New 12-Month High – What’s Next?

Shares of National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $164.62 and last traded at $164.62, with a volume of 1817 shares changing hands. The stock had previously closed at $161.49.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NTIOF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial reaffirmed 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 research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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National Bank of Canada Stock Up 1.6%

The company has a market cap of $63.10 billion, a P/E ratio of 20.06, a P/E/G ratio of 1.47 and a beta of 0.87. The company has a 50-day simple moving average of $152.51 and a 200 day simple moving average of $139.05. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates 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 analysts anticipate that National Bank of Canada will post 9.21 EPS for the current year.

About National Bank of Canada

(Get Free Report)

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.

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