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.

Many analysts weighed in on price targets for BNS. The most optimistic price target was 55, implying a possible profit of -10.99 percent. The most pessimistic analyst gave a price target of 55, implying potential capital losses of -10.99 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

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. Over the past 30 days, FY earnings estimates have also changed upwards by 1.14 percent. If we look at the last 90 days instead, we find a net average change of 0.84 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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 made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of BNS to grow at a rate of 6.92 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of BNS is 1.99.

In the last 52-weeks, BNS has achieved a high of 63.07 and a low of 49.82. The current market price is above the trailing year's low by 24.03 percent, and 2.03 percent lower than its 52-week 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's next earnings release will be on 0000-00-00, which is days away.