Stock of Bank Of Nova Scotia (BNS) performance and profitability takes another direction

A share price of Bank Of Nova Scotia [BNS] is currently trading at $45.71, up 1.08%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BNS shares have gain 0.55% over the last week, with a monthly amount drifted -3.42%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On February 22, 2024, Jefferies initiated with a Hold rating. Barclays downgraded its rating to a Underweight. Canaccord Genuity downgraded its rating to a Hold. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on August 24, 2022. In a note dated August 24, 2022, Keefe Bruyette downgraded an Mkt Perform rating on this stock.

Bank Of Nova Scotia experienced fluctuations in its stock price throughout the past year between $39.79 and $51.98. Currently, Wall Street analysts expect the stock to reach $71.3 within the next 12 months. Bank Of Nova Scotia [NYSE: BNS] shares were valued at $45.71 at the most recent close of the market. An investor can expect a potential return of 55.98% based on the average BNS price forecast.

Analyzing the BNS fundamentals

Trailing Twelve Months sales for Bank Of Nova Scotia [NYSE:BNS] were 54.65B which represents 8.72% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.85.

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 45.29 points at the first support level, and at 44.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.98, and for the 2nd resistance point, it is at 46.26.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Bank Of Nova Scotia [NYSE:BNS] is 0.63. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 10.28.

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