Bank of Nova Scotia (The) (BNS) Research Coverage Started at Macquarie

Equities researchers at Macquarie started coverage on shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) in a report issued on Tuesday, October 24th, MarketBeat.com reports. The brokerage set an “outperform” rating on the bank’s stock.

BNS has been the topic of a number of other research reports. Canaccord Genuity assumed coverage on shares of Bank of Nova Scotia (The) in a research report on Tuesday, July 18th. They issued a “buy” rating on the stock. Citigroup Inc. raised shares of Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 20th. BidaskClub lowered shares of Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Scotiabank reaffirmed a “buy” rating and set a $88.00 target price on shares of Bank of Nova Scotia (The) in a research report on Wednesday, August 30th. Finally, Zacks Investment Research upgraded shares of Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.20.

Bank of Nova Scotia (NYSE:BNS) opened at $65.59 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $78,590.52, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. Bank of Nova Scotia has a fifty-two week low of $51.21 and a fifty-two week high of $65.99.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.38). The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. Bank of Nova Scotia (The) had a return on equity of 14.54% and a net margin of 22.26%. During the same quarter in the prior year, the business posted $1.54 earnings per share. sell-side analysts predict that Bank of Nova Scotia will post 5.22 EPS for the current year.

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Hedge funds have recently made changes to their positions in the company. Fiduciary Trust Co. bought a new stake in shares of Bank of Nova Scotia (The) in the 2nd quarter valued at about $102,000. IFP Advisors Inc increased its stake in shares of Bank of Nova Scotia (The) by 46.7% in the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the bank’s stock valued at $125,000 after acquiring an additional 661 shares during the last quarter. ARP Americas LLC bought a new stake in shares of Bank of Nova Scotia (The) in the 3rd quarter valued at about $202,000. Quantum Capital Management acquired a new position in shares of Bank of Nova Scotia (The) in the 2nd quarter valued at approximately $205,000. Finally, Cetera Investment Advisers acquired a new position in shares of Bank of Nova Scotia (The) in the 2nd quarter valued at approximately $207,000. 46.47% of the stock is owned by institutional investors.

About Bank of Nova Scotia (The)

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Analyst Recommendations for Bank of Nova Scotia (The) (NYSE:BNS)

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