The Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS - Analysts at Cormark cut their FY2025 EPS estimates for shares of Bank of Nova Scotia in a research report issued on Tuesday, May 27th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $6.83 for the year, down from their previous forecast of $6.95. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $7.13 per share.
Several other research firms have also issued reports on BNS. Jefferies Financial Group lifted their price target on shares of Bank of Nova Scotia from C$70.00 to C$75.00 and gave the stock a "hold" rating in a report on Wednesday, May 28th. TD Securities boosted their target price on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Cibc World Mkts lowered Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. National Bankshares upped their target price on Bank of Nova Scotia from C$71.00 to C$72.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 28th. Finally, Royal Bank of Canada dropped their price objective on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of "Hold" and an average target price of C$77.00.
Check Out Our Latest Stock Analysis on Bank of Nova Scotia
Bank of Nova Scotia Price Performance
Shares of TSE:BNS traded up C$0.21 during trading on Friday, reaching C$73.50. 507,140 shares of the company were exchanged, compared to its average volume of 4,804,241. The firm has a market capitalization of C$90.07 billion, a PE ratio of 11.61, a P/E/G ratio of 1.33 and a beta of 0.97. The business's fifty day simple moving average is C$68.62 and its 200-day simple moving average is C$72.34. Bank of Nova Scotia has a 12-month low of C$60.68 and a 12-month high of C$80.14.
Bank of Nova Scotia Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, April 28th were given a dividend of $1.06 per share. The ex-dividend date was Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a yield of 5.77%. Bank of Nova Scotia's dividend payout ratio is currently 67.00%.
Bank of Nova Scotia Company Profile
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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.
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