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.
A number of analysts gave price targets for BNS. The most optimistic analyst gave a price target of 55, implying a possible profit of -10.99 percent. The lowest price target was 55, which equates to a potential downside 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. That number becomes -1.56 percent if we expand the time horizon to include the past 3 months instead of just one. 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, which can be compared to the 0 analysts that decreased their estimates. 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. It's possible to gain additional insight about growth valuation of a company by looking at 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. BNS has a PEG ratio of 1.99.
In the trailing 52-weeks, BNS hit 63.07 at the highest peak, while it's lowest trading point was 49.82. Currently the stock is 24.03 percent higher than its low, and below the high by 2.03 percent. 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 stock has a market capitalization of $74.29 billion. BNS's next earnings release will be on 0000-00-00, which is days away.