Bank of Nova Scotia (NYSE:BNS) issued its quarterly earnings data on Friday. The company reported $1.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.31, Analyst Ratings News reports. The company had revenue of $5.49 billion for the quarter. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis.
A number of analysts have recently weighed in on BNS shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Nova Scotia from C$61.00 to C$63.00 in a research note to investors on Monday, November 25th. They now have a “market perform” rating on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Bank of Nova Scotia from C$59.00 to C$64.00 in a research note to investors on Thursday, November 21st. They now have an “equal weight” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Bank of Nova Scotia from C$65.00 to C$68.00 in a research note to investors on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Bank of Nova Scotia presently has a consensus rating of “Buy” and an average target price of $67.33.
Bank of Nova Scotia (NYSE:BNS) opened at 60.04 on Monday. Bank of Nova Scotia has a 52 week low of $52.05 and a 52 week high of $63.50. The stock has a 50-day moving average of $61.23 and a 200-day moving average of $57.49. The company has a market cap of $72.246 billion and a P/E ratio of 11.71.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be given a dividend of $0.58 per share. This represents a $2.33 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Friday, January 3rd.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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