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

National Bank of Canada (OTCMKTS:NTIOF) reached a new 52-week high during trading on Tuesday . The stock traded as high as $154.20 and last traded at $153.66, with a volume of 1344 shares trading hands. The stock had previously closed at $153.4650.

Wall Street Analyst Weigh In

NTIOF has been the subject of several analyst reports. National Bank Financial lowered shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Raymond James Financial reiterated a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research report on Monday, May 4th. Finally, Zacks Research downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

National Bank of Canada Stock Performance

The stock has a market cap of $59.23 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. 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 firm has a 50 day moving average price of $142.26 and a 200 day moving average price of $130.91.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.19. National Bank of Canada had a return on equity of 15.69% and a net margin of 13.60%.The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $3.68 billion. As a group, research analysts forecast that National Bank of Canada will post 9.28 earnings per share 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.