BNS stock: buy or sell?
February 26th, 2020
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?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. 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.
Currently, Bank of Nova Scotia stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|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?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't detect any rating for BNS stock for the last month.
BNS stock analysis
After sliding for 4 sessions, Wednesday Bank of Nova Scotia stayed constant a tight 0.02%, closing at $54.42.
After sliding for 4 days, Wednesday Bank of Nova Scotia stayed stable a tight 0.02%, closing at $54.42.
Bank of Nova Scotia closed this week at $54.42 and dropped a fateful -3.10%.
Since price and SMA40w lines crossed up late August 2019, BNS climbed $4.66 (9.36%). Since mid May 2019 when SMA20w and SMA40w crossed up, BNS price gained $2.40 per share (4.61%).
BNS stock price history
BNS IPO was on October 7th, 1999 at $3.30 per share1. Since then, BNS stock surged a 1,549.10%, with an average of 77.50% per year. If you had invested right after BNS's IPO a $1,000 in BNS stock in 1999, it would worth $15,491.00 today.
1: Adjusted price after possible price splits or reverse-splits.
BNS stock historical price chart
BNS stock reached 52-week highs on November at $57.51, and all-time highs 2018-01-25 with a price of 59.93.
BNS stock price targetNobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' BNS stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price forecast for Bank of Nova Scotia stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareBank of Nova Scotia disappointed analysts 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 rose a nice 5.49% to $28,216.00 M USD from $26,748.00 marked in 2017. However, its earnings margin (compared to sales) remained steady to 30.29%, that is $8,548.00 million. Bank of Nova Scotia presents anual results 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 earnings $8,405.00 M USD. If we compare this TTM figures with the last reported annuality, we can esteem Bank of Nova Scotia business evolution since October 2018: Annual turnover up to January, compared to lastest yearly report, grew a slightly good 1.76%. Regarding profit margin, Bank of Nova Scotia slightly fell -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 reported $7,475.00 M in sales for 2019-Q1, a 2.69% improvement compared to previous quarter. Reported quarter earnings marked $2,136.00 M 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 turnover to same quarter last year, Bank of Nova Scotia sales marked an excellent gain and escalated 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 stock, it's worth to overview its ownership structure.
Bank of Nova Scotia shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.02% of all shares.
In case of Bank of Nova Scotia stock, 54.52% 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 stocks:
|Market cap||$66.4 B|
|Total shares||1,220.0 M|
|Float shares||1,210.0 M|
|- Institutional holdings (%)||54.5%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Wednesday, February 26th, 2020|
|Day range||$54.31 - $55.20|
|Average true range||$0.52|
|50d mov avg||$55.51|
|100d mov avg||$55.93|
|200d mov avg||$53.97|
Bank of Nova Scotia performanceTo measure stock performance is always good to compare with competitors or related stocks. For Bank of Nova Scotia, the comparison is made against .
|BNSBank of Nova Scot...||-1.82%||4.77%||4.59%|