National Bank of Canada (OTCMKTS:NTIOF) Reaches New 12-Month High – Still a Buy?

Shares of National Bank of Canada (OTCMKTS:NTIOF) reached a new 52-week high on Tuesday . The company traded as high as $157.53 and last traded at $157.53, with a volume of 202291 shares trading hands. The stock had previously closed at $156.22.

Analyst Upgrades and Downgrades

NTIOF has been the topic of a number of analyst reports. Zacks Research cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, June 16th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Finally, Desjardins reissued a “buy” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

The company has a market capitalization of $60.54 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.44 and a beta of 0.88. The stock has a 50-day moving average price of $149.81 and a 200-day moving average price of $136.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74.

National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.81 billion. As a group, analysts forecast that National Bank of Canada will post 9.21 earnings per share for the current 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.