The Bank of Nova Scotia Given Consensus Recommendation of “Buy” by Analysts (NYSE:BNS)
Shares of The Bank of Nova Scotia (NYSE:BNS) have been given a consensus rating of “Buy” by the twelve brokerages that are covering the stock, AR Network reports. Three equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $67.17.
The Bank of Nova Scotia (NYSE:BNS) opened at 64.95 on Wednesday. The Bank of Nova Scotia has a 52-week low of $52.05 and a 52-week high of $65.09. The stock’s 50-day moving average is $61.98 and its 200-day moving average is $59.47. The company has a market cap of $79.023 billion and a P/E ratio of 13.15.
The Bank of Nova Scotia (NYSE:BNS) last released its earnings data on Tuesday, May 27th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.07. The company had revenue of $5.81 billion for the quarter. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that The Bank of Nova Scotia will post $5.55 EPS for the current fiscal year.
A number of research firms have recently commented on BNS. Analysts at CIBC upgraded shares of The Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 30th. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Bank of Nova Scotia in a research note on Wednesday, May 28th. Finally, analysts at National Bank Financial upgraded shares of The Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 15th.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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