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

National Bank of Canada (OTCMKTS:NTIOF) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $152.98 and last traded at $152.90, with a volume of 2466 shares. The stock had previously closed at $149.99.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NTIOF shares. Canadian Imperial Bank of Commerce upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Monday. Zacks Research downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

National Bank of Canada Stock Performance

The firm has a 50-day moving average price of $138.23 and a 200 day moving average price of $126.86. The firm has a market capitalization of $58.93 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.37 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.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $3.68 billion. Research analysts expect that National Bank of Canada will post 9.15 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.