Bank Of Nova Scotia [BNS] stock is trading at $48.47, up 1.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BNS shares have gain 2.30% over the last week, with a monthly amount glided 3.26%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays downgraded its rating to Underweight on May 09, 2023. On March 01, 2023, downgrade downgraded it’s rating to Hold. RBC Capital Mkts downgraded its rating to a Sector Perform. Keefe Bruyette downgraded its rating to a Mkt Perform. BMO Capital Markets downgraded its rating to Market Perform for this stock on August 24, 2022, but kept the price target unchanged to $95.
Bank Of Nova Scotia [BNS] stock has fluctuated between $39.79 and $52.11 over the past year. Currently, Wall Street analysts expect the stock to reach $75.6 within the next 12 months. Bank Of Nova Scotia [NYSE: BNS] shares were valued at $48.47 at the most recent close of the market. An investor can expect a potential return of 55.97% based on the average BNS price forecast.
Analyzing the BNS fundamentals
Bank Of Nova Scotia [NYSE:BNS] reported sales of 53.56B for the trailing twelve months, which represents a growth of 14.23%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.87%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.11 points at the first support level, and at 47.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.70, and for the 2nd resistance point, it is at 48.92.
Bank Of Nova Scotia [BNS] reported earnings per share of $1.25 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.19/share, meaning a difference of $0.06 and a surprise factor of 5.00%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.93 per share as compared to estimates of $1.21 per share, a difference of -$0.28 representing a surprise of -23.10%.
Ratios To Look Out For
For context, Bank Of Nova Scotia’s Current Ratio is 0.66. Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 1.13 and price to earnings (TTM) ratio is 10.69.
