National Bank of Canada (OTCMKTS:NTIOF) Reaches New 52-Week High – Here’s What Happened

National Bank of Canada (OTCMKTS:NTIOF) shares reached a new 52-week high during trading on Friday . The company traded as high as $141.29 and last traded at $141.29, with a volume of 241 shares trading hands. The stock had previously closed at $139.34.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NTIOF. Canadian Imperial Bank of Commerce upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research report on Friday, January 9th. Zacks Research raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research note on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

National Bank of Canada Stock Performance

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 market capitalization of $54.64 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.30 and a beta of 0.86. The stock has a fifty day moving average of $131.71 and a 200-day moving average of $122.54.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.15 by $0.19. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $3.68 billion. National Bank of Canada had a return on equity of 15.69% and a net margin of 13.60%. On average, research analysts anticipate 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.