National Bank of Canada (NTIOF) Issues Quarterly Earnings Results
National Bank of Canada (OTCMKTS:NTIOF) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.16, MarketWatch Earnings reports. National Bank of Canada had a return on equity of 17.85% and a net margin of 19.98%.
National Bank of Canada (OTCMKTS:NTIOF) traded up 1.819% during mid-day trading on Wednesday, hitting $44.882. The stock had a trading volume of 1,367 shares. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 12.055 and a beta of 1.27. The stock’s 50 day moving average price is $44.18 and its 200 day moving average price is $42.06. National Bank of Canada has a one year low of $34.19 and a one year high of $46.10.
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NTIOF has been the topic of several recent analyst reports. Canaccord Genuity initiated coverage on National Bank of Canada in a research report on Tuesday, July 18th. They issued a “buy” rating on the stock. Zacks Investment Research raised National Bank of Canada from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, July 5th. Finally, Barclays PLC raised National Bank of Canada from an “equal weight” rating to an “overweight” rating and set a $59.00 price target on the stock in a research report on Tuesday, May 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $53.83.
National Bank of Canada Company Profile
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