Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, TD Securities Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by TD Securities from C$80.00 to C$82.00 in a research note published on Friday morning,BayStreet.CA reports.

Several other research firms have also commented on BNS. Cormark lowered their price target on Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. BMO Capital Markets dropped 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 report on Wednesday, August 28th. Royal Bank of Canada boosted their price target on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 28th. Cibc World Mkts raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. Finally, CIBC raised shares of Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$78.00 to C$82.00 in a research note on Friday, September 20th. Ten analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of “Hold” and an average price target of C$70.17.

Bank of Nova Scotia Price Performance

TSE BNS opened at C$77.43 on Friday. The stock has a market capitalization of C$96.01 billion, a P/E ratio of 13.56, a PEG ratio of 1.33 and a beta of 0.97. The firm’s 50-day moving average is C$72.71 and its two-hundred day moving average is C$67.19. Bank of Nova Scotia has a 12 month low of C$56.83 and a 12 month high of C$77.70.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 EPS for the quarter, hitting the consensus estimate of C$1.63. The firm had revenue of C$8.36 billion for the quarter, compared to analyst estimates of C$8.50 billion. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. As a group, analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Wednesday, October 2nd were paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend was Wednesday, October 2nd. Bank of Nova Scotia’s dividend payout ratio is presently 74.26%.

Bank of Nova Scotia Company Profile

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.