National Bank of Canada (OTCMKTS:NTIOF) Sets New 52-Week High – Still a Buy?

Shares of National Bank of Canada (OTCMKTS:NTIOF) reached a new 52-week high on Monday . The stock traded as high as $128.74 and last traded at $128.74, with a volume of 638 shares. The stock had previously closed at $125.92.

Analysts Set New Price Targets

Several equities analysts have commented on NTIOF shares. Zacks Research raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, November 25th. CIBC reissued a “neutral” rating on shares of National Bank of Canada in a report on Thursday, December 4th. TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a research note on Thursday, December 4th. Finally, National Bankshares upgraded National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

National Bank of Canada Trading Up 0.7%

The firm has a market capitalization of $50.36 billion, a price-to-earnings ratio of 17.85 and a beta of 0.90. 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 firm’s 50 day moving average is $117.04 and its 200 day moving average is $109.32.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.13. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.43 billion. Equities analysts forecast that National Bank of Canada will post 7.63 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.