Bank Of Nova Scotia (NYSE: BNS) is 2.55% higher on its value in year-to-date trading and has touched a low of $39.79 and a high of $51.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BNS stock was last observed hovering at around $50.13 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $49.93, the stock is 3.86% and 5.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.68 million and changing -0.40% at the moment leaves the stock 6.90% off its SMA200. BNS registered 2.59% gain for a year compared to 6-month loss of 7.33%.
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The stock witnessed a 8.87% gain in the last 1 month and extending the period to 3 months gives it a 12.86%, and is 1.65% up 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 1.06% over the week and 1.34% over the month.
Bank Of Nova Scotia (BNS) has around 89483 employees, a market worth around $61.02B and $53.56B in sales. Current P/E ratio is 11.02 and Fwd P/E is 9.58. Profit margin for the company is 10.28%. Distance from 52-week low is 25.47% and -3.61% from its 52-week high. The company has generated returns on investments over the last 12 months (5.90%).
Bank Of Nova Scotia quarterly earnings per share for the current quarter are estimated at $1.14 with sales reaching $6.05B over the same period.The EPS is expected to grow by 0.56% this year, but quarterly earnings will post 5.10% year-over-year.
Bank Of Nova Scotia (BNS) Top Institutional Holders
715 institutions hold shares in Bank Of Nova Scotia (BNS), with institutional investors hold 49.54% of the company’s shares. The shares outstanding are 1.22B, and float is at 1.22B with Short Float at 1.82%. Institutions hold 49.52% of the Float.
The top institutional shareholder in the company is Royal Bank of Canada with over 106.81 million shares valued at $5.34 billion. The investor’s holdings represent 8.86% of the BNS Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of Montreal/Can/ with 83.51 million shares valued at $4.18 billion to account for 6.93% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 44.97 million shares representing 3.73% and valued at over $2.25 billion, while Cibc World Markets, Inc. holds 2.13% of the shares totaling 25.72 million with a market value of $1.29 billion.
