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

National Bank of Canada (OTCMKTS:NTIOF) reached a new 52-week high on Wednesday . The company traded as high as $154.86 and last traded at $154.7520, with a volume of 3445 shares trading hands. The stock had previously closed at $152.1525.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Desjardins reissued a “buy” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Finally, Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, National Bank of Canada currently has a consensus rating of “Hold”.

National Bank of Canada Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $59.59 billion, a P/E ratio of 18.92, a PEG ratio of 1.36 and a beta of 0.88. The company’s 50 day simple moving average is $147.64 and its two-hundred day simple moving average is $134.58.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. National Bank of Canada had a net margin of 14.49% and a return on equity of 16.10%. As a group, equities analysts expect that National Bank of Canada will post 9.21 EPS 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.