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 highest price target was 55, implying a possible profit of -10.99 percent. The most pessimistic price target was 55, implying a possible loss of -10.99 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
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. If we look at the last 90 days instead, we find a net average change of 0.84 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 1 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
The growth rate of BNS's earnings is estimated by analysts to be 6.92 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. BNS has a PEG ratio of 1.99.
BNS has a 52-week high of 63.07 and a 52-week low of 49.82. Today's price is 24.03 percent above the 52-week low, and 2.03 percent below the high. BNS has a P/E 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 market cap of BNS is $74.29 billion. BNS is estimated to release their earnings results for the quarter on 0000-00-00, days from today.