The Bank of Nova Scotia Stock Rating Lowered by TD Securities (BNS)
Shares of The Bank of Nova Scotia (NYSE:BNS) opened at 66.55 on Wednesday. The Bank of Nova Scotia has a 52-week low of $53.94 and a 52-week high of $68.71. The stock has a 50-day moving average of $67.2 and a 200-day moving average of $62.49. The company has a market cap of $80.970 billion and a price-to-earnings ratio of 13.44.
The Bank of Nova Scotia (NYSE:BNS) last released its earnings data on Tuesday, August 26th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.41. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that The Bank of Nova Scotia will post $5.59 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse downgraded shares of The Bank of Nova Scotia from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $67.60.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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