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

National Bank of Canada (OTCMKTS:NTIOF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $152.98 and last traded at $152.90, with a volume of 2466 shares traded. The stock had previously closed at $149.99.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a report on Friday, February 13th. Zacks Research lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research note on Monday. Finally, Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

National Bank of Canada Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $58.44 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. The business’s 50 day simple moving average is $139.10 and its 200-day simple moving average is $127.48.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.15 by $0.19. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $3.68 billion. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.69%. Research analysts anticipate that National Bank of Canada will post 9.15 earnings per share for the current 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.