Bank of Nova Scotia Stock (BNS:TSX) Analyst Rates Buy, Asia cuts loom

The fundamental score of BNS’s stock is 4.4 out of 10, where the stock is currently set with a Bearish tone.

Bank of Nova Scotia Stock Analyst Coverage

 
On Thursday, Morningstar reiterated their coverage of the Bank of Nova Scotia stock. They gave it a Buy rating and a 12-month target price of $85 on the bank’s stock.
 
STA Research also maintained its coverage of an Underperform rating. They kept the $57 target steady on the stock.
 

Analysis of the Bank of Nova Scotia:

 
The average analyst target price for the Bank of Nova Scotia stock over the next 12 months is CAD 82.24. 16 analysts covered the stock. The consensus analyst rating for the Bank of Nova Scotia stock is Hold. Based on 4 positives and 5 negative signs. Stock Target Advisor’s personal stock analysis of Bank of Nova Scotia is Bearish. The consensus Crowed Rating on the stock is an Underperform, with a Crowd target of $70 per share.  The stock price of the Bank of Nova Scotia was CAD 70.91 at the most recent close. The stock price of the Bank of Nova Scotia has changed by:
+3.05% over the previous week,
+9.34% over the previous month,
-14.98% over the previous year.
 

About Bank of Nova Scotia:

 
Bank of Nova Scotia offers a range of banking products and services in:
  • Canada
  • The United States
  • Mexico
  • Peru
  • Chile
  • Colombia
  • The Caribbean
  • Central America
  • As well as abroad
It has four operating segments:
  • Canadian Banking
  • International Banking
  • Global Wealth Management
  • Global Banking and Markets
The company provides business banking solutions, including:
  • Lending
  • Deposit
  • Cash management
  • Trade finance solutions to small, medium, and large businesses including:
  1. Automotive financing solutions to dealers and their customers
  2. Along with daily banking products like debit and credit cards
  3. Chequing and savings accounts
  4. Investments
  5. Mortgages
  6. Loans
  7. Insurance to individuals
 
The company runs a network of 1,300 branches and a contact and support centre. These are international networks. Halifax, Canada is home to the head office of The Bank of Nova Scotia, which got established in 1832.
 

News:

 
Scotiabank focuses more on its domestic market. Its capital markets division is eliminating some positions in Asia. while providing retention and relocation benefits to other employees. The move is part of the bank’s effort to focus on North and South America. Global banking and markets division in the Asia-Pacific area will concentrate on distribution. The Americas products and supporting international clients would be the sole purpose.
 
Scotiabank’s global banking and markets division includes 12 locations spread across:
  • Australia
  • Mainland China
  • Hong Kong
  • India
  • Japan
  • Malaysia
  • Singapore
During the third quarter of its fiscal year, the division had 2,205 employees worldwide. This is including the 1,131 outside of Canada. The number of those employees based in Asia was not disclosed by the bank. Global banking and markets’ third-quarter revenue decreased 8.1% from a year earlier to US$1.15 billion. This is due to declines in underwriting and consulting fees as well as trading revenue.
 

Fundamental Analysis:

 

Positive Fundamentals

 

Outstanding total returns

Bank of Nova Scotia Stock is in the top quartile and has beaten its sector rivals over the previous five years. (for a hold duration of at least 12 months).
 

Underpriced to book value

On a price-to-book value metric, the stock is trading at a low price compared to its peers and is in the top quartile. Be sure there isn’t a specific explanation by looking at its financial performance.
 

Low debt ratio

The company is more flexible since it is less leveraged than its competitors and is in the top quartile. Keep an eye on the news and consider the industry. This is low because there is no room for future expansion at the organization.
 

Superior growth in revenue

Bank of Nova Scotia Stock revenue growth over the previous five years has been in the top quartile. This is an industry comparison.
 

Negative Fundamentals

 

Excessive volatility

This company’s total returns have been erratic and higher than the industry average. Over the past five years. If you plan to invest in such a stock, be sure your risk tolerance is adequate.
 

Excessive in comparison to wages

Bank of Nova Scotia Stock is trading above the sector median and at a premium to its peers to price to earnings.
 

Low equity return

The management of the company has produced a lower-than-average return on equity. It is a peer comparison during the past four quarters.
 

Poor asset return

In comparison to its peers and analysis of the past four years. The management of the company produced a lower median return on assets.
 

Conclusion of Analysis

 
The fundamental score of Bank of Nova Scotia Stock is 4.4 out of 10, where the stock is currently set with a Bearish tone.

STA Research Reiterates the Underperform rating for Bank of Nova Scotia(BNS:TSX) with a target price of $57

Bank of Nova Scotia Stock Analysis:

STA Research Reiterates the Underperform rating for Bank of Nova Scotia and maintains the target price of $57 on the company’s stock.

Analysts rate Bank of Nova Scotia with a consensus Hold rating and a 12-month average target price of $85.21 per share.

Based on the Bank of Nova Scotia stock forecasts from 17 analysts, the average analyst target price for Bank of Nova Scotia is CAD 85.21 over the next 12 months. Bank of Nova Scotia’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Bank of Nova Scotia is Slightly Bearish, which is based on 4 positive signals and 5 negative signals. At the last closing, Bank of Nova Scotia’s stock price was CAD 65.58Bank of Nova Scotia’s stock price has changed by -2.56% over the past week, -8.16% over the past month and -16.62% over the last year.

What we like:

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Analysts rate Bank of Nova Scotia (BNS:TSX) with a Strong Buy rating and a CAD 85 target

Cormark Securities maintains the market perform rating for Bank of Nova Scotia stock.

Based on the Bank of Nova Scotia Stock Forecast from 17 analysts, the average analyst BNS stock price target is CAD 85.21 over the next 12 months. Bank of Nova Scotia’s average analyst rating is Hold. Stock Target Advisor’s own stock analysis of BNS stock forecast is Slightly Bearish, which is based on 4 positive signals and 5 negative signals. At the last closing, Bank of Nova Scotia stock price was CAD 67.30Bank of Nova Scotia stock price has changed by -4.29% over the past week, -7.50% over the past month and -14.91% over the last year.

 

About Bank of Nova Scotia (BNS:TSX):

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 in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.  The company operates a network of 954 branches and approximately 3,766 automated banking machines in Canada; and approximately 1,300 branches and a network of contact and support center internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.

 

What we like:

Superior total returns:

BNS stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to book value:

BNS stock price is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low debt:

The company is less leveraged than its peers, and is among the top quartile, which makes it more flexible. However, do check the stock forecast and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior Revenue Growth:

BNS stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

 

What we don’t like:

High volatility:

The total returns for BNS stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings:

BNS stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Poor return on equity:

Bank of Nova Scotia stock management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets:

Bank of Nova Scotia stock management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Negative cashflow:

BNS stock had negative total cash flow in the most recent four quarters.

Analysts rate Bank of Nova Scotia(BNS:TSX) with a Hold rating and a target price of $85.21

Analysts rate Bank of Nova Scotia with a consensus Hold rating and a 12-month average target price of $85.21 per share.

Based on the Bank of Nova Scotia stock forecasts from 17 analysts, the average analyst target price for Bank of Nova Scotia is CAD 85.21 over the next 12 months. Bank of Nova Scotia’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Bank of Nova Scotia is Neutral, which is based on 5 positive signals and 5 negative signals. At the last closing, Bank of Nova Scotia’s stock price was CAD 69.23Bank of Nova Scotia’s stock price has changed by -2.84% over the past week, -8.53% over the past month and -11.53% over the last year.

What we like:

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Analysts rate Bank of Nova Scotia(BNS:TSX) with a Hold rating and a target of $85

Analysts rate Bank of Nova Scotia with a consensus Hold rating and a 12-month average target price of $85.21 per share.

Based on the Bank of Nova Scotia stock forecast from 17 analysts, the average analyst target price for Bank of Nova Scotia is CAD 85.21 over the next 12 months. Bank of Nova Scotia’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Bank of Nova Scotia is Slightly Bearish, which is based on 4 positive signals and 5 negative signals. At the last closing, Bank of Nova Scotia’s stock price was CAD 71.59Bank of Nova Scotia’s stock price has changed by -2.74% over the past week, -11.91% over the past month and -8.44% over the last year.

What we like:

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.