Analyst Ratings for Bank of Nova Scotia (BNS)Updated: 2017-07-28
Shares of Bank of Nova Scotia (NYSE:BNS) have received a consensus rating of Overweight from Wall Street analysts. Last month, BNS received an average rating of Overweight.
Of the 17 analysts covering the stock, 11 gave it a buy rating, 1 issued an overweight rating, 4 gave a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Compared to three months ago, there has been an increase of 2 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for BNS by the analysts covering the stock. The most optimistic analyst gave a price target of 55, which equates to a potential upside of -10.99 percent. The lowest price target was 55, implying potential capital losses of -10.99 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.82 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.56 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.14 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.84 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of BNS's earnings is estimated by analysts to be 6.92 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. BNS has a PEG ratio of 1.99.
In the last 52-weeks, BNS has achieved a high of 63.07 and a low of 49.82. Currently the stock is 24.03 percent higher than its low, and 2.03 percent lower than its 52-week high. BNS has a price/earnings ratio of 13.76. Investors typically compare the P/E ratio to a company's peers in the industry. The BNS value stock report compares BNS to some of its peers using value stock charts. The stock has a market capitalization of $74.29 billion. BNS will post this quarters earnings in days, on 0000-00-00.