National Bank of Canada (OTCMKTS:NTIOF) Hits New 52-Week High – Should You Buy?

National Bank of Canada (OTCMKTS:NTIOF)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $154.20 and last traded at $153.66, with a volume of 1344 shares. The stock had previously closed at $153.4650.

Analyst Ratings Changes

NTIOF has been the subject of a number of research analyst reports. Desjardins restated a “buy” rating on shares of National Bank of Canada in a report on Thursday. National Bank Financial cut shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research note on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of National Bank of Canada in a research note on Thursday. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

National Bank of Canada Stock Up 0.9%

The stock has a 50 day moving average of $143.26 and a 200-day moving average of $131.71. The firm has a market capitalization of $56.99 billion, a P/E ratio of 18.08, a PEG ratio of 1.32 and a beta of 0.91. 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 issued its earnings results on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.19. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $3.68 billion. National Bank of Canada had a net margin of 14.49% and a return on equity of 16.10%. Research analysts predict that National Bank of Canada will post 9.28 earnings per share for the current fiscal 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.