National Bank of Canada (OTCMKTS:NTIOF) Hits New 12-Month High – Should You Buy?

National Bank of Canada (OTCMKTS:NTIOF) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $164.62 and last traded at $164.62, with a volume of 1817 shares. The stock had previously closed at $161.49.

Analyst Upgrades and Downgrades

Several research firms recently commented on NTIOF. Zacks Research downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday, May 12th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Finally, Desjardins reiterated a “buy” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

The firm has a market cap of $64.32 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.48 and a beta of 0.87. 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 stock has a fifty day moving average price of $153.08 and a 200-day moving average price of $139.56.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.81 billion. On average, analysts expect that National Bank of Canada will post 9.21 earnings per share for the current fiscal 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.