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

Shares of National Bank of Canada (OTCMKTS:NTIOF) hit a new 52-week high during trading on Tuesday . The company traded as high as $154.20 and last traded at $153.66, with a volume of 1344 shares changing hands. The stock had previously closed at $153.4650.

Analysts Set New Price Targets

A number of analysts have recently commented on NTIOF shares. National Bank Financial cut shares of 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 report on Monday, May 4th. Canadian Imperial Bank of Commerce cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Finally, Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

National Bank of Canada Trading Up 0.3%

The company has a market cap of $59.23 billion, a P/E ratio of 20.52, a PEG ratio of 1.38 and a beta of 0.91. The stock’s 50 day moving average is $142.26 and its 200-day moving average is $130.91. 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 results on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.19. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $3.68 billion. National Bank of Canada had a net margin of 13.60% and a return on equity of 15.69%. Research analysts anticipate that National Bank of Canada will post 9.28 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.