National Bank of Canada (OTCMKTS:NTIOF) Sets New 52-Week High - Should You Buy?

Key Points

• New 52-week high: National Bank of Canada (OTCMKTS:NTIOF) reached $152.98 intraday and last traded at $152.90 on Wednesday, with about 2,466 shares changing hands.
• Analyst consensus — Moderate Buy: Brokerages are mixed (1 Strong Buy, 3 Buy, 4 Hold), producing a MarketBeat consensus rating of "Moderate Buy."
• Mixed earnings and fundamentals: The bank beat EPS estimates ($2.34 vs $2.15) but missed revenue estimates ($2.85B vs $3.68B); market cap is ~$58.9B with a P/E of 20.38 and ROE of 15.69%.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $152.98 and last traded at $152.90, with a volume of 2466 shares changing hands. The stock had previously closed at $149.99.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NTIOF. Raymond James Financial reissued a "market perform" rating on shares of National Bank of Canada in a report on Friday, February 13th. Scotiabank reiterated an "outperform" rating on shares of National Bank of Canada in a research report on Monday. Zacks Research lowered National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

National Bank of Canada Stock Performance

The company has a market capitalization of $58.93 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.37 and a beta of 0.91. The firm has a fifty day simple moving average of $138.23 and a 200 day simple moving average of $126.86. 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 announced its earnings results on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.19. National Bank of Canada had a return on equity of 15.69% and a net margin of 13.60%.The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $3.68 billion. On average, analysts anticipate that National Bank of Canada will post 9.15 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.

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