Desjardins Has Bullish Estimate for TSE:BNS FY2025 Earnings

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Analysts at Desjardins raised their FY2025 earnings estimates for Bank of Nova Scotia in a research note issued to investors on Tuesday, February 25th. Desjardins analyst D. Young now expects that the bank will earn $7.20 per share for the year, up from their prior estimate of $7.05. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share.

Other equities research analysts also recently issued reports about the stock. Accountability Research set a C$82.00 price target on shares of Bank of Nova Scotia and gave the stock a “buy” rating in a report on Thursday, January 9th. National Bankshares lifted their target price on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. TD Securities cut their price objective on shares of Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. BMO Capital Markets boosted their price target on Bank of Nova Scotia from C$72.00 to C$84.00 in a research report on Monday, November 18th. Finally, Royal Bank of Canada cut their target price on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$78.17.

Bank of Nova Scotia Stock Down 0.9 %

Shares of TSE:BNS opened at C$71.72 on Friday. The company has a market capitalization of C$87.89 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14. The stock’s fifty day simple moving average is C$74.25 and its 200-day simple moving average is C$72.93.

Bank of Nova Scotia Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were issued a dividend of $1.06 per share. The ex-dividend date was Tuesday, January 7th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.91%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 67.00%.

About Bank of Nova Scotia

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 through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.