National Bank of Canada (OTCMKTS:NTIOF) Reaches New 1-Year High - Should You Buy?

Key Points

• Reached a new 52-week high: National Bank of Canada (OTCMKTS: NTIOF) traded as high as $141.29 on Friday, closing above the prior session at $139.34.
• Analyst sentiment is positive but mixed: Two firms upgraded the stock to "Strong Buy" (including Zacks and CIBC), and the consensus from MarketBeat is a "Moderate Buy" (2 Strong Buy, 3 Buy, 3 Hold).
• Recent quarter showed an EPS beat but revenue shortfall: Q results delivered $2.34 EPS vs. $2.15 expected, while revenue was $2.85B versus $3.68B expected; the bank reported a 15.69% ROE and a 13.60% net margin.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $141.29 and last traded at $141.29, with a volume of 241 shares. The stock had previously closed at $139.34.

Analyst Ratings Changes

NTIOF has been the subject of a number of analyst reports. Zacks Research raised National Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce upgraded National Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 13th. Raymond James Financial reiterated a "market perform" rating on shares of National Bank of Canada in a research note on Friday, February 13th. Finally, Scotiabank reiterated an "outperform" rating on shares of National Bank of Canada in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, National Bank of Canada has a consensus rating of "Moderate Buy".

National Bank of Canada Price Performance

The stock has a market capitalization of $54.30 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86. The company has a 50 day moving average of $131.26 and a 200 day moving average of $122.23. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its earnings results on Wednesday, February 25th. The financial services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.15 by $0.19. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $3.68 billion. National Bank of Canada had a return on equity of 15.69% and a net margin of 13.60%. As a group, equities research analysts forecast that National Bank of Canada will post 7.63 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.

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