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

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on NTIOF shares. National Bank Financial lowered National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, June 16th. Raymond James Financial reaffirmed a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. Desjardins reiterated a “buy” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Finally, Zacks Research downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

National Bank of Canada Price Performance

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average is $149.20 and its 200 day moving average is $135.58. The company has a market cap of $60.66 billion, a P/E ratio of 19.26, a PEG ratio of 1.42 and a beta of 0.88.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.07. National Bank of Canada had a return on equity of 16.10% and a net margin of 14.49%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.81 billion. As a group, sell-side analysts anticipate that National Bank of Canada will post 9.21 EPS 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.