National Bank of Canada (OTCMKTS:NTIOF) Reaches New 1-Year High – Still a Buy?

Shares of National Bank of Canada (OTCMKTS:NTIOF) hit a new 52-week high on Friday . The company traded as high as $129.11 and last traded at $128.92, with a volume of 1899 shares changing hands. The stock had previously closed at $128.63.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Zacks Research raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a report on Friday, December 5th. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research note on Friday, January 9th. Canadian Imperial Bank of Commerce upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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 stock’s 50 day moving average is $124.77 and its two-hundred day moving average is $115.71. The firm has a market cap of $50.39 billion, a P/E ratio of 17.95 and a beta of 0.90.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.90 by $0.13. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.43 billion. National Bank of Canada had a net margin of 13.07% and a return on equity of 15.74%. As a group, equities analysts predict that National Bank of Canada will post 7.63 EPS for the current 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.