National Bank of Canada (OTCMKTS:NTIOF) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of National Bank of Canada (OTCMKTS:NTIOF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $144.98 and traded as high as $146.68. National Bank of Canada shares last traded at $146.32, with a volume of 2,174 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NTIOF shares. Desjardins reissued a “buy” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. National Bank Financial downgraded shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

National Bank of Canada Price Performance

The stock has a market cap of $56.40 billion, a PE ratio of 17.89, a P/E/G ratio of 1.33 and a beta of 0.88. 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’s 50 day moving average is $144.98 and its 200-day moving average is $132.83.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate 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 16.10%. As a group, sell-side analysts predict that National Bank of Canada will post 9.21 earnings per share for the current year.

National Bank of Canada Company Profile

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.