National Bank of Canada (OTCMKTS:NTIOF) Stock Passes Above 50-Day Moving Average – What’s Next?

National Bank of Canada (OTCMKTS:NTIOF)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $121.98 and traded as high as $124.32. National Bank of Canada shares last traded at $124.31, with a volume of 88,811 shares.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NTIOF shares. National Bankshares raised National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a report on Friday, December 5th. 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. Finally, Desjardins raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

National Bank of Canada Stock Performance

The firm has a market cap of $48.47 billion, a price-to-earnings ratio of 17.19 and a beta of 0.90. The stock’s fifty day moving average is $121.98 and its two-hundred day moving average is $112.18. 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 posted its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.13. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $3.43 billion. On average, analysts expect that National Bank of Canada will post 7.63 earnings per share for the current fiscal 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.