BNS stock: buy or sell?
September 20th, 2019
The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific.
Should I buy BNS stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Bank of Nova Scotia stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Bank of Nova Scotia stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we collected 15 ratings published for BNS stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-28||Royal Bank of Canada||n/a||Sector Perform|
|2019-8-28||National Bank Financial||n/a||Sector Perform|
|2019-8-28||Credit Suisse Group||n/a||Outperform|
|2019-8-28||BMO Capital Markets||n/a||Outperform|
BNS stock analysis
Shares of Bank of Nova Scotia ended today at $56.26 and stayed steady a tight 0.09%.
Shares of Bank of Nova Scotia stayed stable a tight 0.09% and closed at $56.26. Since price and SMA200d lines crossed up on Aug 29th, BNS climbed $4.12 (7.90%). On May, SMA100d and SMA200d crossed up triggering a rise of 6.86%.
Bank of Nova Scotia shares remained stable -0.37% this week, ending at $56.26.
Late August BNS price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since early May when SMA20w and SMA40w crossed up, BNS price gained $2.47 per share (4.59%).
BNS stock price history
BNS IPO was on October 7th, 1999 at $3.36 per share1. Since then, BNS stock surged a 1,574.40%, with a yearly average of 82.90%. If you had invested $1,000 in BNS stock in 1999, it would worth $15,744.00 today.
1: Adjusted price after possible price splits or reverse-splits.
BNS stock historical price chart
BNS stock reached 52-week highs on October at $57.36, and all-time highs 2018-01-08 with a price of 60.91.
BNS stock price target is $78.00How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 4 price forecasts for BNS stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-28||Credit Suisse Group||Raises Target||$73.00||$75.00||2.7%|
|2019-8-28||BMO Capital Markets||Lowers Target||$80.00||$78.00||-2.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareBank of Nova Scotia let down analysts on February when it reported an Earnings per Share (EPS) of $1.32 when the market consensus was $1.42.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Bank of Nova Scotia annual sales jumped a beatiful 5.49% to $28,216.00 M USD from $26,748.00 marked in 2017. In contrast, its earnings margin (compared to sales) remained steady to 30.29%, that is $8,548.00 million. Bank of Nova Scotia fiscal year ends in October, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Bank of Nova Scotia TTM sales up to January 2019 were $28,713.00 and income $8,405.00 M USD. When comparing this TTM figures with the last reported annuality, we can review Bank of Nova Scotia business evolution since October 2018: Annual sales up to January, compared to lastest yearly report, stepped up a slightly fine 1.76%. Regarding profit margin, Bank of Nova Scotia depreciated -1.02% to 30.29%
|2014||$20,571 M||-||$6,276 M30.5%||-|
|2015||$23,644 M||14.94%||$7,014 M29.7%||11.76%|
|2016||$25,936 M||9.69%||$7,117 M27.4%||1.47%|
|2017||$26,748 M||3.13%||$8,005 M29.9%||12.48%|
|2018||$28,216 M||5.49%||$8,548 M30.3%||6.78%|
|TTM||$28,713 M||1.76%||$8,405 M29.3%||-1.67%|
Quarterly financial resultsBank of Nova Scotia posted $7,475.00 M in sales for 2019-Q1, a 2.69% up compared to previous quarter. Reported quarter earnings marked $2,136.00 million with a profit margin of 28.58%. Profit margin slightly fell a -1.36% compared to previous quarter when profit margin was 29.94%. When comparing revenues to same quarter last year, Bank of Nova Scotia sales marked an excellent gain and soared a 7.12%. Looking back to recent quarterly results, Bank of Nova Scotia posted 3 negative quarters in a row.
|2017-Q4||$5,209 M||-||$1,563 M30.0%||-|
|2018-Q1||$6,978 M||33.97%||$2,279 M32.7%||45.81%|
|2018-Q2||$6,904 M||-1.06%||$2,107 M30.5%||-7.55%|
|2018-Q3||$7,055 M||2.19%||$1,983 M28.1%||-5.89%|
|2018-Q4||$7,279 M||3.18%||$2,179 M29.9%||9.88%|
|2019-Q1||$7,475 M||2.69%||$2,136 M28.6%||-1.97%|
Bank of Nova Scotia ownershipWhen you are planning to invest in a company, it's always worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Bank of Nova Scotia, 0.02% of all outstanding shares are owned by its staff.
In case of Bank of Nova Scotia stock, 55.38% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for BNS stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$68.6 B||$46.9 B||$12.2 B||$37.3 B||$154.4 B|
|Total shares||1,220.0 M||639.0 M||240.5 M||445.4 M||4,040.0 M|
|Float shares||1,210.0 M||638.7 M||168.2 M||445.3 M||4,070.0 M|
|- Institutional holdings (%)||55.4%||50.1%||39.1%||54.1%||2.5%|
|- Insider holdings (%)||0.0%||0.0%||0.0%||0.1%||0.0%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$56.15 - $56.67|
|Average true range||$0.65|
|50d mov avg||$53.24|
|100d mov avg||$52.93|
|200d mov avg||$52.68|
Bank of Nova Scotia performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Bank of Nova Scotia, the benchmark is made against , BanColombia, , HSBC, and Toronto Dominion Bank.
|BNSBank of Nova Scot...||5.71%||9.39%||-0.65%|
|TDToronto Dominion ...||0.61%||7.15%||-1.78%|