National Bank of Canada (OTCMKTS:NTIOF) Stock Price Passes Above Fifty Day Moving Average of $45.51

National Bank of Canada (OTCMKTS:NTIOF)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $45.51 and traded as high as $47.17. National Bank of Canada shares last traded at $47.17, with a volume of 578 shares traded.

NTIOF has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of National Bank of Canada from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Credit Suisse Group boosted their price target on shares of National Bank of Canada from $55.00 to $58.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 27th. TD Securities downgraded shares of National Bank of Canada from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a research report on Thursday, June 4th. They noted that the move was a valuation call. Scotiabank dropped their price target on shares of National Bank of Canada from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Finally, Canaccord Genuity boosted their price target on shares of National Bank of Canada from $58.50 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $61.50.

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average is $45.51 and its 200-day moving average is $45.26. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 10.46 and a beta of 1.17.

National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Tuesday, May 26th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.01). National Bank of Canada had a net margin of 17.56% and a return on equity of 16.91%. The company had revenue of $1.54 billion for the quarter.

The business also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Monday, June 29th were given a dividend of $0.509 per share. The ex-dividend date was Friday, June 26th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.32%.

About National Bank of Canada (OTCMKTS:NTIOF)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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