Bank Of Nova Scotia (BNS) Stock Forecast & Predictions

Bank Of Nova Scotia BNS: $61.68

44 King St W, Toronto, Ontario, Canada. | Sector: Finance and Insurance | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: http://www.scotiabank.com/

  • Market Cap$74.94B
  • Change (52 Weeks)59.98%
  • Low (52 Weeks)$38.17
  • Bank Of Nova Scotia (BNS) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, Bank Of Nova Scotia (BNS) stock price is $61.68 and the 52 weeks low is $38.17, which means the Bank Of Nova Scotia stock price is up 59.98% in the last 12 months.

    Bank Of Nova Scotia (BNS) Stock Price has been Trending Strongly with an ADX reading of 28.85 as per the Weekly Chart.

    A Upward trend indicates that Bank Of Nova Scotia (BNS) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that BNS Stock price might rise further, 25.00% indicating that BNS Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall BNS stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Bank Of Nova Scotia (BNS) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Bank Of Nova Scotia (BNS) is based on 18 Institutional Analyst Ratings where 55.56% are on Strong Buy, 11.11% on Moderate Buy, 27.78% remains on Hold, 0.00% are on Moderate Sell and 5.56% are on Strong Sell.

    Out of 18 Institutional Analysts, majority recommended BNS stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Bank Of Nova Scotia.

    Bank Of Nova Scotia (BNS) Stock Price Prediction By Analysts


    HighLowAverage
    $78.25$64.18$70.09
    $70.0913.63% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for BNS set by the institutional analysts is $70.09 where High Estimate is $78.25, Median $70.41665686149123 and Low $64.18.

    The average price target for BNS by Institutional Analysts is $70.09, which is 13.63% Upside from the current price. So according to the Institutional Analysts, BNS Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Bank Of Nova Scotia (BNS) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 478,822 investor portfolio.

    Our algorithm has analysed 478,822 investor portfolio with BNS stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about BNS and holding their positions hoping for a further rise in the stock price and more profit.

    Bank Of Nova Scotia (BNS) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    BarclaysEqual WeightReiterated
    BarclaysUpgraded
    TD SecuritiesBuyDowngraded
    RBC CapitalOutperformUpgraded
    National Bank FinancialSector PerformUpgraded
    Credit SuisseOutpeformUpgraded
    CIBC World MarketsOutperformMaintained
    Credit SuisseNeutralInitiated
    CIBC World MarketsOutperformUpgraded
    Credit SuisseNeutralUpgraded
    Cormark SecuritiesUpgraded
    RBC CapitalOutperformUpgraded
    National Bank FinancialSector PerformUpgraded
    Credit SuisseNeutralUpgraded
    CIBC World MarketsOutperformReiterated
    Canaccord GenuityMaintained
    BMO Capital MarketsUpgraded
    CIBC World MarketsOutperformMaintained
    Credit SuisseUnderperformUpgraded
    CIBC World MarketsOutperformUpgraded
    National Bank FinancialSector PerformUpgraded
    Canaccord GenuityUpgraded
    CIBC World MarketsOutperformMaintained
    Credit SuisseUnderperformUpgraded
    Cormark SecuritiesUpgraded
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    BMO Capital MarketsUpgraded
    Canaccord GenuityUpgraded
    National Bank FinancialSector PerformUpgraded
    Credit SuisseUnderperformDowngraded
    BMO Capital MarketsUpgraded
    RBC CapitalSector PerformUpgraded
    National Bank FinancialSector PerformUpgraded
    CIBC World MarketsNeutralUpgraded
    Canaccord GenuityUpgraded
    Canaccord GenuityUpgraded
    Fundamental ResearchBuyInitiated
    Credit SuisseDowngraded
    RBC CapitalSector PerformDowngraded
    Credit SuisseDowngraded
    Canaccord GenuityUpgraded
    TD SecuritiesBuyDowngraded
    RBC CapitalSector PerformUpgraded
    National Bank FinancialSector PerformUpgraded
    Eight CapitalUpgraded
    Canaccord GenuityDowngraded
    National Bank FinancialSector PerformDowngraded
    B of A SecuritiesNeutralMaintained
    BarclaysOverweightMaintained
    CitigroupDowngraded
    National Bank FinancialSector PerformDowngraded
    TD SecuritiesBuyUpgraded
    CFRABuyMaintained
    RBC CapitalSector PerformUpgraded
    RBC CapitalSector PerformDowngraded
    National Bank FinancialSector PerformDowngraded
    Credit SuisseNeutralDowngraded
    TD SecuritiesHoldDowngraded
    RBC CapitalSector PerformDowngraded
    National Bank FinancialSector PerformUpgraded
    Desjardins SecuritiesBuyUpgraded
    Bank of AmericaBuyUpgraded
    CitigroupDowngraded
    Credit SuisseUpgraded
    Eight CapitalUpgraded
    RBC CapitalSector PerformDowngraded
    National Bank FinancialSector PerformUpgraded
    Credit SuisseOutperformMaintained
    Canaccord GenuityHoldUpgraded
    BMO Capital MarketsDowngraded
    BMO CapitalOutperformMaintained
    Eight CapitalDowngraded
    CitigroupDowngraded
    TD SecuritiesHoldDowngraded
    National Bank FinancialDowngraded
    Desjardins SecuritiesDowngraded
    CIBC World MarketsNeutralDowngraded
    BMO Capital MarketsOutperformInitiated
    BMO Capital MarketsOutperformInitiated
    Desjardins SecuritiesDowngraded
    RBC CapitalSector PerformUpgraded
    TD SecuritiesBuyDowngraded
    National Bank FinancialSector PerformDowngraded
    CIBC World MarketsDowngraded
    BMO Capital MarketsOutperformInitiated
    BarclaysDowngraded
    Canaccord GenuityDowngraded
    BarclaysDowngraded
    TD SecuritiesBuyDowngraded
    National Bank FinancialSector PerformDowngraded
    Eight CapitalUpgraded
    Canaccord GenuityHoldDowngraded
    RBC CapitalDowngraded
    Desjardins SecuritiesBuyDowngraded
    CIBC World MarketsDowngraded
    BMO Capital MarketsOutperformInitiated
    Bank of AmericaNeutralDowngraded
    Cormark SecuritiesUpgraded
    SbankOutperformDowngraded
    BarclaysUpgraded
    Credit SuisseUpgraded
    TD SecuritiesBuyUpgraded
    SbankOutperformUpgraded
    RBC CapitalOutperformUpgraded
    Desjardins SecuritiesBuyUpgraded
    BarclaysUpgraded
    RBC CapitalUpgraded
    Credit SuisseUpgraded
    BMO Capital MarketsOutperformReiterated
    SbankOutperformDowngraded
    RBC CapitalOutperformUpgraded
    National Bank FinancialOutperformUpgraded
    CitigroupUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityUpgraded
    SbankOutperformDowngraded
    National Bank FinancialOutperformUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsOutperformUpgraded
    BarclaysUpgraded
    RBC CapitalOutperformMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightUpgraded
    CIBC World MarketsOutperformMaintained
    TD SecuritiesBuyMaintained
    SbankOutperformMaintained
    RBC CapitalOutperformMaintained
    Desjardins SecuritiesBuyMaintained
    BarclaysMaintained
    KBWMaintained
    BarclaysMaintained
    SbankOutperformMaintained
    RBC CapitalMaintained
    Credit SuisseMaintained
    Canaccord GenuityMaintained
    Dundee SecuritiesMaintained
    Desjardins SecuritiesMaintained
    TD SecuritiesMaintained
    BarclaysEqual-WeightMaintained
    Canaccord GenuityMaintained
    BarclaysMaintained
    Credit SuisseNeutralMaintained
    Desjardins SecuritiesMaintained
    Bank of AmericaBuyInitiated
    Dundee SecuritiesBuyMaintained
    DundeeBuyInitiated
    CitigroupMaintained
    CIBC World MarketsMaintained
    KBWMaintained
    SbankOutperformMaintained
    National Bank FinancialSector PerformMaintained
    Desjardins SecuritiesBuyMaintained
    CIBC World MarketsMaintained
    Canaccord GenuityBuyMaintained
    BarclaysEqual WeightMaintained
    TD SecuritiesBuyMaintained
    BarclaysEqual WeightMaintained
    KBWMaintained
    Desjardins SecuritiesBuyMaintained
    MacquarieNeutralDowngraded
    SbankOutperformMaintained
    National Bank FinancialMaintained
    BarclaysMaintained
    Desjardins SecuritiesMaintained
    Credit SuisseMaintained
    Canaccord GenuityMaintained
    SbankOutperformMaintained
    BarclaysMaintained
    SbankOutperformMaintained
    National Bank FinancialSector PerformMaintained
    Credit SuisseMaintained
    SbankOutperformMaintained
    National Bank FinancialSector PerformMaintained
    SbankOutperformMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialSector PerformMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsOutperformMaintained
    Cormark SecuritiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    Bank of AmericaUnderperformDowngraded
    CitigroupNeutralMaintained
    CIBC World MarketsMaintained
    National Bank FinancialMaintained
    CIBC World MarketsSector PerformMaintained
    BarclaysEqual WeightMaintained
    RBC CapitalSector PerformDowngraded
    CIBCSector PerformDowngraded
    Canaccord GenuityBuyMaintained
    TD SecuritiesHoldMaintained
    UBSNeutralMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialOutperformMaintained
    TD SecuritiesBuyMaintained
    Credit SuisseNeutralDowngraded
    SbankMaintained
    KBWAt Market PerformMaintained
    BarclaysEqual WeightMaintained
    CIBC World MarketsSector OutperformMaintained
    SbankMaintained
    TD SecuritiesAction Buy ListMaintained
    National Bank FinancialOutperformMaintained
    CIBC World MarketsMaintained
    CIBCSector OutperformUpgraded
    TD SecuritiesMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialOutperformMaintained
    CIBC World MarketsMaintained
    Canaccord GenuityBuyMaintained
    BMO Capital MarketsOutperformMaintained
    BarclaysEqual WeightMaintained
    KBWAt Market PerformMaintained
    BarclaysEqual WeightMaintained
    National Bank FinancialMaintained
    Canaccord GenuityBuyInitiated
    Credit SuisseOutperformMaintained
    SbankMaintained
    CIBC World MarketsSector PerformMaintained
    SbankMaintained
    CitigroupNeutralMaintained
    TD SecuritiesHoldMaintained
    National Bank FinancialSector PerformDowngraded
    CIBC World MarketsSector PerformMaintained
    BarclaysEqual WeightMaintained
    KBWAt Market PerformMaintained
    BarclaysEqual WeightMaintained
    Credit SuisseOutperformUpgraded
    TD SecuritiesBuyInitiated
    National Bank FinancialOutperformMaintained
    Credit SuisseMaintained
    CIBC World MarketsMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialMaintained
    BMO Capital MarketsOutperformMaintained
    BMO CapitalOutperformMaintained
    KBWAt Market PerformMaintained
    CIBC World MarketsMaintained
    BarclaysEqual-WeightDowngraded
    Credit SuisseNeutralMaintained
    National Bank FinancialMaintained
    Credit SuisseNeutralMaintained
    Canaccord GenuityBuyMaintained
    Canaccord GenuityMaintained
    TD SecuritiesMaintained
    SbankSector PerformMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialMaintained
    CIBC World MarketsSector OutperformMaintained
    BMO CapitalOutperformMaintained
    BarclaysOverweightUpgraded
    CIBC World MarketsMaintained
    BarclaysEqual-WeightMaintained
    BMO CapitalOutperformMaintained
    Bank of AmericaBuyMaintained
    CitigroupNeutralInitiated
    Cormark SecuritiesBuyUpgraded
    National Bank FinancialOutperformUpgraded
    Credit SuisseNeutralDowngraded
    BMO CapitalOutperformMaintained
    Stifel NicolausHoldInitiated
    BarclaysEqual-WeightUpgraded
    National Bank FinancialSector PerformMaintained
    Canaccord GenuityBuyUpgraded
    Bank ofericaBuyMaintained

    Bank Of Nova Scotia (BNS) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.906
    The average consensus EPS for BNS is $1.906 with a high estimate of $2.079 and Low of $1.676 for the period 2021-12-31 and based on 13 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.9$1.77777172021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $2.01$1.91908082021-09-30
    $1.9$1.77777172021-06-30
    $1.88$1.58342752021-03-31
    $1.45$1.23404832020-12-31
    $1.04$1.12452392020-09-30
    $1.04$0.98692152020-06-30
    $1.83$1.76151072020-03-31
    $1.82$1.83828082019-12-31
    $1.88$1.86525792019-09-30
    $1.7$1.75685462019-06-30
    $1.75$1.84241172019-03-31
    $1.77$1.80937460000000022018-12-31
    $1.76$1.77014620000000012018-09-30
    $1.71$1.688722018-06-30
    $1.75$1.69788072018-03-31
    $1.65$1.68019562017-12-31
    $1.68$1.65728882017-09-30
    $1.63$1.57432742017-06-30
    $1.58$1.58637672017-03-31
    $1.58$1.52864509999999992016-12-31
    $1.55$1.49428492016-09-30
    $1.4$1.43327079999999982016-06-30
    $1.44$1.437232016-03-31
    $1.46$1.4481382015-12-31
    $1.47$1.4663182015-09-30
    $1.43$1.40296072015-06-30
    $1.36$1.390772015-03-31
    $1.11$1.40957622014-12-31
    $1.86$1.42474639999999992014-09-30
    $1.4$1.32488770000000012014-06-30
    $1.34$1.34936000000000012014-03-31
    $1.31$1.3300692013-12-31
    $1.32$1.31566642013-09-30
    $1.24$1.27188292013-06-30
    $1.27$1.26182332013-03-31
    $1.21$1.19337562012-12-31
    $1.23$1.20223332012-09-30
    $1.18$1.15914672012-06-30
    $1.15$1.16517642012-03-31
    $1.1$1.09109292011-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).