National Bank of Canada (OTCMKTS:NTIOF) Shares Gap Up – Should You Buy?

Shares of National Bank of Canada (OTCMKTS:NTIOF) gapped up prior to trading on Wednesday . The stock had previously closed at $155.56, but opened at $164.10. National Bank of Canada shares last traded at $164.10, with a volume of 202 shares.

Wall Street Analyst Weigh In

NTIOF has been the topic of several recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, June 16th. National Bank Financial cut National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

National Bank of Canada Price Performance

The business has a 50-day simple moving average of $150.66 and a two-hundred day simple moving average of $136.99. 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 stock has a market capitalization of $61.93 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.41 and a beta of 0.88.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.07. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%.The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. As a group, research analysts predict that National Bank of Canada will post 9.21 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.