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

National Bank of Canada (OTCMKTS:NTIOF)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $124.57 and last traded at $124.52, with a volume of 224 shares changing hands. The stock had previously closed at $123.53.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NTIOF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a report on Friday. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, November 25th. TD Securities reissued a “hold” rating on shares of National Bank of Canada in a research note on Thursday. Desjardins raised National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Finally, Raymond James Financial started coverage on National Bank of Canada in a research note on Monday, November 24th. They issued a “hold” rating for the company. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

National Bank of Canada Price Performance

The stock has a market capitalization of $48.87 billion, a P/E ratio of 17.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The business has a fifty day simple moving average of $112.99 and a 200-day simple moving average of $107.04.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.13. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.43 billion. National Bank of Canada had a net margin of 13.07% and a return on equity of 16.16%. Sell-side analysts expect that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Cuts Dividend

The company also recently announced a dividend, which was paid on Saturday, November 1st. Investors of record on Tuesday, September 30th were given a $0.8531 dividend. This represents a yield of 313.0%. The ex-dividend date of this dividend was Monday, September 29th. National Bank of Canada’s payout ratio is presently 47.58%.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.