National Bank of Canada (OTCMKTS:NTIOF) Sets New 12-Month High – Time to Buy?

National Bank of Canada (OTCMKTS:NTIOF)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $164.10 and last traded at $158.51, with a volume of 761 shares traded. The stock had previously closed at $157.74.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Scotiabank reaffirmed 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. Desjardins reaffirmed a “buy” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Finally, Zacks Research lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

The company has a market capitalization of $61.03 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87. The company’s 50 day moving average is $150.87 and its 200-day moving average is $137.22. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11.

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, topping analysts’ consensus estimates of $2.29 by $0.07. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Equities analysts anticipate that National Bank of Canada will post 9.21 EPS 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.