National Bank of Canada (OTCMKTS:NTIOF) Shares Pass Above Fifty Day Moving Average – Should You Sell?

National Bank of Canada (OTCMKTS:NTIOF) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $147.26 and traded as high as $151.19. National Bank of Canada shares last traded at $150.38, with a volume of 36,435 shares traded.

Analysts Set New Price Targets

NTIOF has been the subject of several analyst reports. Desjardins reissued a “buy” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research note on Monday, May 4th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Zacks Research downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, National Bank of Canada has a consensus rating of “Hold”.

National Bank of Canada Stock Up 0.2%

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 cap of $57.90 billion, a PE ratio of 18.38, a P/E/G ratio of 1.36 and a beta of 0.88. The business has a 50 day moving average price of $147.26 and a 200 day moving average price of $134.35.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.81 billion. National Bank of Canada had a return on equity of 16.10% and a net margin of 14.49%. Equities research analysts expect that National Bank of Canada will post 9.21 EPS 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.