Separately, Cibc World Mkts raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bank of Nova Scotia has an average rating of "Hold" and a consensus price target of $69.00.
Get Our Latest Stock Report on Bank of Nova Scotia
Shares of BNS opened at $51.90 on Monday. The firm has a market capitalization of $64.23 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.63 and a beta of 1.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61. The firm's fifty day simple moving average is $52.21 and its 200-day simple moving average is $48.62. Bank of Nova Scotia has a twelve month low of $41.46 and a twelve month high of $55.12.
Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last released its quarterly earnings data on Tuesday, August 27th. The bank reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.01. Bank of Nova Scotia had a return on equity of 11.14% and a net margin of 9.84%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter in the prior year, the business posted $1.30 EPS. The business's revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts forecast that Bank of Nova Scotia will post 4.8 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in BNS. Mather Group LLC. grew its stake in shares of Bank of Nova Scotia by 1,388.9% in the 2nd quarter. Mather Group LLC. now owns 536 shares of the bank's stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. increased its stake in Bank of Nova Scotia by 3,127.8% in the 2nd quarter. Blue Trust Inc. now owns 581 shares of the bank's stock valued at $27,000 after buying an additional 563 shares during the period. Headlands Technologies LLC acquired a new position in Bank of Nova Scotia in the 1st quarter valued at $53,000. City State Bank purchased a new position in Bank of Nova Scotia during the 3rd quarter worth $57,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Bank of Nova Scotia by 102.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank's stock valued at $83,000 after acquiring an additional 811 shares in the last quarter. Institutional investors and hedge funds own 49.13% of the company's stock.
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bank of Nova Scotia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Nova Scotia wasn't on the list.
While Bank of Nova Scotia currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.