Bank Of Nova Scotia [NYSE: BNS] stock went on an upward path that rose over 0.04% on Thursday, amounting to a one-week price decrease of less than -2.00%.
Over the last 12 months, BNS stock rose by 28.18%. The one-year Bank Of Nova Scotia stock forecast points to a potential upside of 9.02. The average equity rating for BNS stock is currently 3.22, trading closer to a bullish pattern in the stock market.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for the stock reached $64.48 billion, with 1.23 billion shares outstanding and 1.23 billion shares in the current float. Compared to the average trading volume of 1.62M shares, BNS stock reached a trading volume of 2563828 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Bank Of Nova Scotia [BNS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BNS shares is $57.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BNS stock is a recommendation set at 3.22. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Bank Of Nova Scotia shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 02, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Underweight. The new note on the price target was released on March 20, 2024, representing the official price target for Bank Of Nova Scotia stock.
The Average True Range (ATR) for Bank Of Nova Scotia is set at 0.66, with the Price to Sales ratio for BNS stock in the period of the last 12 months amounting to 1.17. The Price to Book ratio for the last quarter was 1.23. Price to Free Cash Flow for BNS in the course of the last twelve months was 11.90.
BNS Stock Performance Analysis:
Bank Of Nova Scotia [BNS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.00. With this latest performance, BNS shares dropped by -2.74% in over the last four-week period, additionally plugging by 13.43% over the last 6 months – not to mention a rise of 28.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BNS stock in for the last two-week period is set at 48.76, with the RSI for the last a single of trading hit 42.91, and the three-weeks RSI is set at 52.72 for Bank Of Nova Scotia [BNS]. The present Moving Average for the last 50 days of trading for this stock 51.62, while it was recorded at 52.78 for the last single week of trading, and 48.40 for the last 200 days.
Insight into Bank Of Nova Scotia Fundamentals:
Bank Of Nova Scotia’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.60.
BNS Stock EPS
With the latest financial reports released by the company, Bank Of Nova Scotia posted 0.93/share EPS, while the average EPS was predicted by analysts to be reported at 1.21/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.28. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BNS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bank Of Nova Scotia go to 7.13%.
Bank Of Nova Scotia [BNS] Institutonal Ownership Details
The top three institutional holders of BNS stocks are: ROYAL BANK OF CANADA with ownership of 100.42 million shares, which is approximately 8.2108%. BANK OF MONTREAL /CAN/, holding 69.43 million shares of the stock with an approximate value of $$3.28 billion in BNS stocks shares; and BANK OF MONTREAL /CAN/, currently with $$2.26 billion in BNS stock with ownership which is approximately 4.0343%.
