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.

BNS was given price targets by several analysts. The most optimistic analyst gave a price target of 55, implying a possible profit of -10.99 percent. The most pessimistic analyst gave a price target of 55, which equates to a potential downside of -10.99 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.82 percent. The average change in earnings estimates over the last 90 days 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. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 1 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of BNS to grow at a rate of 6.92 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. 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.

In the trailing 52-weeks, BNS hit 63.07 at the highest peak, while it's lowest trading point was 49.82. The current market price is above the trailing year's low by 24.03 percent, and below the high by 2.03 percent. 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 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.