Bank of Nova Scotia (BNS) Getting Somewhat Favorable News Coverage, Analysis Shows
News headlines about Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of Nova Scotia earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.32032961133 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Is Bank Of Nova Scotia A Buy Based On Its Positive Outlook In 2018? – Seeking Alpha (seekingalpha.com)
- BRIEF-Scotiabank Announces Share Repurchase Program (reuters.com)
- Scotiabank Announces Share Repurchase Program as Part of Normal Course Issuer Bid (finance.yahoo.com)
- Naughty & Nice: Best and Worst Commodity Performers of 2017: Scotiabank Economics (finance.yahoo.com)
Bank of Nova Scotia (BNS) traded up $0.04 during mid-day trading on Tuesday, reaching $64.70. 307,800 shares of the company traded hands, compared to its average volume of 684,999. The firm has a market capitalization of $77,590.31, a price-to-earnings ratio of 13.02, a PEG ratio of 1.54 and a beta of 1.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. Bank of Nova Scotia has a 52 week low of $53.86 and a 52 week high of $66.78.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.617 per share. This represents a $2.47 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Friday, December 29th. Bank of Nova Scotia’s payout ratio is 49.50%.
Several equities analysts recently commented on the stock. Citigroup upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Wednesday, September 20th. Canaccord Genuity reissued a “buy” rating and issued a $92.00 price objective on shares of Bank of Nova Scotia in a research report on Tuesday, November 28th. Scotiabank reissued a “buy” rating and issued a $95.00 price objective on shares of Bank of Nova Scotia in a research report on Wednesday, November 22nd. Macquarie assumed coverage on shares of Bank of Nova Scotia in a research report on Tuesday, October 24th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research cut shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Bank of Nova Scotia has an average rating of “Buy” and a consensus target price of $85.80.
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Bank of Nova Scotia Company Profile
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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