The Bank of Nova Scotia (TSE:BNS) Receives Consensus Rating of “Moderate Buy” from Analysts

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$74.75.

BNS has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. Cibc World Mkts upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 20th. TD Securities raised their target price on Bank of Nova Scotia from C$80.00 to C$82.00 in a research report on Friday, November 15th. Cormark reduced their price target on Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Finally, BMO Capital Markets raised their price target on Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday.

Bank of Nova Scotia Stock Up 0.4 %

TSE:BNS opened at C$78.71 on Thursday. The company has a market capitalization of C$97.60 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52-week low of C$56.83 and a 52-week high of C$78.99. The stock has a fifty day simple moving average of C$73.12 and a 200-day simple moving average of C$67.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share for the quarter, meeting the consensus estimate of C$1.63. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. The business had revenue of C$8.36 billion for the quarter, compared to analyst estimates of C$8.50 billion. As a group, equities analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend was Wednesday, October 2nd. Bank of Nova Scotia’s dividend payout ratio is 74.26%.

Bank of Nova Scotia Company Profile

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.