TD Securities upgraded shares of Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) to a buy rating in a report issued on Tuesday morning, The Fly reports.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Bank of Nova Scotia from a hold rating to a sell rating in a research note on Friday, November 11th. Dundee Securities began coverage on Bank of Nova Scotia in a research note on Wednesday, September 21st. They issued a buy rating for the company. Bank of America Corp. began coverage on Bank of Nova Scotia in a research note on Tuesday, November 1st. They issued a buy rating for the company. Barclays PLC reissued a hold rating on shares of Bank of Nova Scotia in a research note on Thursday, October 27th. Finally, Royal Bank Of Canada increased their price target on Bank of Nova Scotia from $72.00 to $77.00 and gave the stock an outperform rating in a research note on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $68.09.

Bank of Nova Scotia (NYSE:BNS) opened at 54.88 on Tuesday. The stock’s 50 day moving average price is $53.41 and its 200 day moving average price is $51.72. Bank of Nova Scotia has a 1-year low of $35.01 and a 1-year high of $55.37. The firm has a market cap of $66.12 billion, a P/E ratio of 13.12 and a beta of 1.29.

Bank of Nova Scotia (NYSE:BNS) last issued its quarterly earnings data on Tuesday, November 29th. The company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.06. The firm earned $6.75 billion during the quarter. Bank of Nova Scotia had a return on equity of 14.04% and a net margin of 20.84%. During the same quarter in the previous year, the company earned $1.45 earnings per share. Equities research analysts predict that Bank of Nova Scotia will post $4.37 EPS for the current year.

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Several large investors have recently made changes to their positions in BNS. Advisor Group Inc. bought a new stake in shares of Bank of Nova Scotia during the second quarter valued at approximately $120,000. Glenmede Trust Co. NA increased its stake in shares of Bank of Nova Scotia by 2.1% in the second quarter. Glenmede Trust Co. NA now owns 3,553 shares of the company’s stock valued at $173,000 after buying an additional 74 shares in the last quarter. Signaturefd LLC increased its stake in shares of Bank of Nova Scotia by 29.2% in the second quarter. Signaturefd LLC now owns 3,555 shares of the company’s stock valued at $174,000 after buying an additional 803 shares in the last quarter. Cambridge Trust Co. acquired a new stake in shares of Bank of Nova Scotia during the third quarter valued at about $201,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Bank of Nova Scotia during the third quarter valued at about $207,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company’s segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.

5 Day Chart for NYSE:BNS

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