National Bank of Canada (OTCMKTS:NTIOF) Reaches New 12-Month High - Still a Buy?

Key Points

• New 52-week high: National Bank of Canada traded as high as $146.28 (last $146.13) on Thursday, marking a fresh 12‑month peak.
• Analyst consensus is a Moderate Buy—2 Strong Buy, 3 Buy and 3 Hold ratings—with recent upgrades from CIBC and Zacks to Strong Buy.
• Quarterly results showed an EPS beat ($2.34 vs. $2.15) but a revenue miss ($2.85B vs. $3.68B); the bank trades at a P/E of 19.51 and reported ROE of 15.69%.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $146.28 and last traded at $146.13, with a volume of 793 shares trading hands. The stock had previously closed at $144.62.

Analysts Set New Price Targets

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

National Bank of Canada Stock Up 1.0%

The stock has a fifty day moving average of $133.14 and a 200 day moving average of $123.30. The firm has a market capitalization of $56.40 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.19. The business had revenue of $2.85 billion for 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%. On average, research analysts anticipate 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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