2 weeks Ago By ABMN Staff
The Bank of Nova Scotia ( TSE:BNS – Free Report ) (NYSE:BNS) – Investment analysts at Cormark dropped their FY2024 earnings per share estimates for shares of Bank of Nova Scotia in a report issued on Wednesday, August 28th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $6.
46 for the year, down from their previous estimate of $6.62. Cormark has a “Market Perform” rating and a $65.
00 price objective on the stock. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $6.96 per share.
Several other analysts have also commented on the company. National Bankshares decreased their price objective on Bank of Nova Scotia from C$67.00 to C$66.
00 and set a “sector perform” rating for the company in a report on Wednesday, May 29th. UBS Group set a C$67.00 price objective on Bank of Nova Scotia and gave the company a “neutral” rating in a report on Tuesday, July 2nd.
Jefferies Financial Group increased their price objective on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the company a “hold” rating in a report on Wednesday.
Royal Bank of Canada increased their price objective on Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a report on Wednesday.
Finally, BMO Capital Markets reduced their target price on Bank of Nova Scotia from C$74.00 to C$72.00 and set a “market perform” rating for the company in a research note on Wednesday.
One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of “Hold” and an average target price of C$67.
07. Bank of Nova Scotia Trading Up 0.7 % Shares of BNS opened at C$66.
40 on Friday. Bank of Nova Scotia has a 12 month low of C$55.20 and a 12 month high of C$70.
40. The stock has a fifty day moving average price of C$63.54 and a 200-day moving average price of C$64.
87. The firm has a market cap of C$82.34 billion, a PE ratio of 11.
63, a P/E/G ratio of 1.33 and a beta of 0.96.
Bank of Nova Scotia ( TSE:BNS – Get Free Report ) (NYSE:BNS) last announced its earnings results on Tuesday, May 28th. The bank reported C$1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.
55 by C$0.03. Bank of Nova Scotia had a return on equity of 9.
49% and a net margin of 25.38%. The business had revenue of C$8.
35 billion for the quarter, compared to analysts’ expectations of C$8.32 billion. Bank of Nova Scotia Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th.
Shareholders of record on Wednesday, October 2nd will be paid a dividend of $1.06 per share. The ex-dividend date is Wednesday, October 2nd.
This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.39%.
Bank of Nova Scotia’s payout ratio is currently 74.26%. About Bank of Nova Scotia ( Get Free Report ) The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.
It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. Featured Articles Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter .
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