Bank of Nova Scotia (TSE:BNS – Free Report) (NYSE:BNS) had its price target upped by TD Securities from C$64.00 to C$65.00 in a report issued on Wednesday, BayStreet.CA reports. TD Securities currently has a hold rating on the bank’s stock.
A number of other research analysts also recently commented on the stock. Jefferies Financial Group raised their target price on shares of Bank of Nova Scotia from C$63.00 to C$66.00 and gave the company a hold rating in a research report on Wednesday. Royal Bank of Canada raised their target price on shares of Bank of Nova Scotia from C$62.00 to C$64.00 and gave the company a sector perform rating in a research report on Wednesday. Keefe, Bruyette & Woods cut their target price on shares of Bank of Nova Scotia from C$66.00 to C$63.00 and set a market perform rating on the stock in a research report on Thursday, November 23rd. Desjardins raised their target price on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a hold rating in a research report on Wednesday. Finally, CIBC raised their target price on shares of Bank of Nova Scotia from C$58.00 to C$63.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of C$66.78.
Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last posted its earnings results on Tuesday, November 28th. The bank reported C$1.26 EPS for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.42). The business had revenue of C$8.31 billion for the quarter, compared to analysts’ expectations of C$8.28 billion. Bank of Nova Scotia had a net margin of 25.33% and a return on equity of 9.81%. Sell-side analysts forecast that Bank of Nova Scotia will post 6.5673176 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 2nd will be paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Monday, April 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 73.36%.
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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