The Bank of Nova Scotia (BNS) Announces Quarterly Earnings Results, Beats Estimates By $0.41 EPS
The Bank of Nova Scotia (NYSE:BNS) released its earnings data on Tuesday. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.41, AnalystRatingsNetwork reports.
The Bank of Nova Scotia (NYSE:BNS) opened at 67.55 on Tuesday. The Bank of Nova Scotia has a 1-year low of $53.94 and a 1-year high of $68.71. The stock has a 50-day moving average of $67.31 and a 200-day moving average of $62.42. The company has a market cap of $82.186 billion and a P/E ratio of 13.60.
A number of analysts have recently weighed in on BNS shares. Analysts at Barclays reiterated an “equal weight” rating on shares of The Bank of Nova Scotia in a research note on Tuesday, August 19th. They now have a $74.00 price target on the stock, up previously from $72.00. On the ratings front, 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. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Bank of Nova Scotia in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The Bank of Nova Scotia presently has a consensus rating of “Buy” and a consensus price target of $68.50.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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