Bank Of Nova Scotia [BNS] stock prices are up 2.20% to $53.04 at the moment. 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 2.04% over the last week, with a monthly amount drifted -0.04%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bank Of Nova Scotia [NYSE: BNS] stock has seen the most recent analyst activity on November 04, 2024, when TD Securities upgraded its rating to a Buy. On March 20, 2024, Barclays initiated with a Underweight rating. Jefferies started tracking the stock assigning a Hold rating. Barclays downgraded its rating to a Underweight. Canaccord Genuity downgraded its rating to Hold for this stock on March 01, 2023. In a note dated August 24, 2022, RBC Capital Mkts downgraded an Sector Perform rating on this stock.
The stock price of Bank Of Nova Scotia [BNS] has been fluctuating between $41.46 and $55.12 over the past year. Currently, Wall Street analysts expect the stock to reach $71.53 within the next 12 months. Bank Of Nova Scotia [NYSE: BNS] shares were valued at $53.04 at the most recent close of the market. An investor can expect a potential return of 34.86% based on the average BNS price forecast.
Analyzing the BNS fundamentals
The Bank Of Nova Scotia [NYSE:BNS] reported sales of 55.05B for trailing twelve months, representing a surge of 2.95%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.68.
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 52.15 points at the first support level, and at 51.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.89, and for the 2nd resistance point, it is at 54.73.
Ratios To Look Out For
It’s worth pointing out that Bank Of Nova Scotia [NYSE:BNS]’s Current Ratio is 0.60. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 12.67.
