The Bank of Nova Scotia [BNS] Is Still Undervalued at $53.14

The Bank of Nova Scotia [BNS] shares are down more than -7.39% this year and recently increased 0.01% or $0.62 to settle at $53.14. Analysts expect BNS to shrink earnings at a -1.63% annual rate over the next 5 years. BNS has a short ratio of 6.21. This implies that the market is currently less bullish on the outlook for BNS.

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Analyst Birdseye View:

The most recent analyst activity for The Bank of Nova Scotia [NYSE:BNS] stock was on October 06, 2020, when it was Upgrade with a Buy rating from BofA Securities, which also raised its 12-month price target on the stock to $68. On August 19, 2020, Barclays Downgrade an Underweight rating. On July 24, 2020, CIBC Initiated a Neutral rating. On March 20, 2020, TD Securities Upgrade a Buy rating. On March 13, 2020, BofA/Merrill Downgrade a Neutral rating. On December 17, 2019, Citigroup Downgrade a Neutral rating. On December 13, 2019 Credit Suisse Downgrade a Neutral rating and elevated its amount target to $76.

In the past 52 weeks of trading, this stock has oscillated between a low of $31.94 and a peak of $57.09. Right now, according to Wall Street analyst the average 12-month amount target is $58.00. At the most recent market close, shares of The Bank of Nova Scotia [NYSE:BNS] were valued at $53.14. According to the average price forecast, investors can expect a potential return of -23.29%.

FUNDAMENTAL ANALYSIS

The Bank of Nova Scotia [NYSE:BNS] most recently reported quarterly sales of 6.65 billion, which represented growth of -19.40%. This publicly-traded organization’s revenue is $464,973 per employee, while its income is $73,673 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.61, 9.99, 2.93 and 6.07 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 73.48 and the whole liability to whole assets at 16.61. It shows enduring liability to the whole principal at 16.38 and enduring liability to assets at 0.04 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 52.29 points at 1st support level, the second support level is making up to 52.07. But as of 1st resistance point, this stock is sitting at 52.77 and at 53.03 for 2nd resistance point.

The Bank of Nova Scotia [BNS] reported its earnings at $1.46 per share in the fiscal quarter closing of 1/30/2018. The Analysts for Wall Street were expecting to report its earnings at $1.31/share signifying the difference of 0.15 and 11.50% surprise value. Comparing the previous quarter ending of 10/30/2017, the stated earnings were $1.3 calling estimates for $1.31/share with the difference of -0.01 depicting the surprise of -0.80%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.61, it’s amount to book ratio is 1.07 and showing 12.64 of P/E (TTM) ratio.