National Bank of Canada (OTCMKTS:NTIOF) Sets New 1-Year High – Time to Buy?

National Bank of Canada (OTCMKTS:NTIOF)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $150.66 and last traded at $150.66, with a volume of 4064 shares trading hands. The stock had previously closed at $148.20.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NTIOF. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Friday, January 9th. Finally, Zacks Research cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

National Bank of Canada Stock Performance

The stock has a market cap of $58.32 billion, a PE ratio of 20.17, a P/E/G ratio of 1.36 and a beta of 0.86. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average of $137.84 and a 200 day moving average of $126.32.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Equities analysts predict that National Bank of Canada will post 9.13 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.