National Bank of Canada (OTCMKTS:NTIOF) Reaches New 52-Week High – Time to Buy?

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

Analysts Set New Price Targets

NTIOF has been the topic of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a report on Tuesday. Desjardins reaffirmed a “buy” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. National Bank Financial lowered shares of National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Finally, Zacks Research lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

National Bank of Canada Stock 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 firm has a market capitalization of $60.15 billion, a PE ratio of 19.10, a P/E/G ratio of 1.40 and a beta of 0.88. The firm has a fifty day moving average price of $148.47 and a 200 day moving average price of $135.08.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results 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. 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 return on equity of 16.10% and a net margin of 14.49%. Research analysts anticipate that National Bank of Canada will post 9.21 earnings per share 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.