The Bank of Nova Scotia (NYSE: BNS) is -25.79% lower on its value in year-to-date trading and has touched a low of $52.91 and a high of $74.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BNS stock was last observed hovering at around $54.02 in the last trading session, with the day’s loss setting it -0.82% off its average median price target of $64.28 for the next 12 months. It is also 20.6% off the consensus price target high of $67.00 offered by 6 analysts, but current levels are 13.57% higher than the price target low of $61.55 for the same period.
Currently trading at $53.20, the stock is -4.91% and -8.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -1.52% at the moment leaves the stock -19.17% off its SMA200. BNS registered -11.30% loss for a year compared to 6-month loss of -27.88%.
The stock witnessed a -14.91% gain in the last 1 month and extending the period to 3 months gives it a -14.29%, and is -2.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 2.07% over the month.
The Bank of Nova Scotia (BNS) has around 90978 employees, a market worth around $64.76B and $21.64B in sales. Current P/E ratio is 8.43 and Fwd P/E is 6.27. Profit margin for the company is 35.30%. Distance from 52-week low is 0.55% and -28.93% from its 52-week high. The company has generated returns on investments over the last 12 months (16.50%).
The Bank of Nova Scotia (BNS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The Bank of Nova Scotia (BNS) is a “Hold”. 6 analysts offering their recommendations for the stock have an average rating of 3.20, where 4 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The Bank of Nova Scotia is expected to release its quarterly report on 11/29/2022.The EPS is expected to grow by 45.30% this year.
The Bank of Nova Scotia (BNS) Top Institutional Holders
The shares outstanding are 1.20B, and float is at 1.18B with Short Float at 2.08%.
The Bank of Nova Scotia (BNS): Who are the competitors?
Royal Bank of Canada (RY) is -3.10% down on the 1-year trading charts.