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

National Bank of Canada (OTCMKTS:NTIOF) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $138.88 and last traded at $138.22, with a volume of 15490 shares trading hands. The stock had previously closed at $129.9080.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NTIOF shares. National Bank Financial upgraded shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a report on Tuesday, November 11th. Canadian Imperial Bank of Commerce upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Raymond James Financial reaffirmed a “market perform” rating on shares of National Bank of Canada in a report on Friday, February 13th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a report on Friday, December 5th. Finally, Zacks Research raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada currently has an average rating of “Moderate Buy”.

National Bank of Canada Price Performance

The stock has a market cap of $53.68 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.27 and a beta of 0.90. The business has a 50 day simple moving average of $125.29 and a 200-day simple moving average of $116.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74.

National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.13. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $3.43 billion. National Bank of Canada had a return on equity of 15.74% and a net margin of 13.07%. On average, sell-side analysts forecast that National Bank of Canada will post 7.63 EPS 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.