In yesterday’s Wall Street session, The Bank of Nova Scotia (NYSE:BNS) shares traded at $49.73, down -0.08% from the previous session.
6 analysts cover The Bank of Nova Scotia (NYSE:BNS), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $72.00 and a low of $50.04, we find $59.20. Given the previous closing price of $49.77, this indicates a potential upside of 18.95 percent. BNS stock price is now 0.76% away from the 50-day moving average and -0.64% away from the 200-day moving average. The market capitalization of the company currently stands at $59.45B.
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The stock has received a hold rating from 4 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $60.11 as their price target over the next twelve months.
Insiders disposed of 1,625,576 shares of company stock worth roughly $80.84 million over the past 1 year. A total of 0.03% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BNS stock. A new stake in The Bank of Nova Scotia shares was purchased by SUSQUEHANNA INTERNATIONAL GROUP, LLP during the first quarter worth $34,173,000. TWIN TREE MANAGEMENT, LP invested $23,261,000 in shares of BNS during the first quarter. In the first quarter, UTAH RETIREMENT SYSTEMS acquired a new stake in The Bank of Nova Scotia valued at approximately $7,346,000. WESTPAC BANKING CORP acquired a new stake in BNS for approximately $7,009,000. HRT FINANCIAL LP purchased a new stake in BNS valued at around $5,388,000 in the second quarter. In total, there are 744 active investors with 65.50% ownership of the company’s stock.
On Thursday morning The Bank of Nova Scotia (NYSE: BNS) stock kicked off with the opening price of $49.99. During the past 12 months, The Bank of Nova Scotia has had a low of $45.26 and a high of $63.75. The fifty day moving average price for BNS is $49.35 and a two-hundred day moving average price translates $50.06 for the stock.
The latest earnings results from The Bank of Nova Scotia (NYSE: BNS) was released for Apr, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.29, missing analysts’ expectations of $1.34 by -0.05. This compares to $1.71 EPS in the same period last year. The net profit margin was 17.30% and return on equity was 12.20% for BNS. The company reported revenue of $10.44 billion for the quarter, compared to $5.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 86.36 percent. For the current quarter, analysts expect BNS to generate $6.28B in revenue.
In terms of dividend payout ratio, BNS is presently at 79.80%.
