Bank of Montreal (TSE:BMO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) have been given a consensus rating of “Buy” by the seventeen brokerages that are covering the company, reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$150.11.

Several brokerages recently commented on BMO. TD Securities boosted their price target on shares of Bank of Montreal from C$170.00 to C$175.00 and gave the stock a “buy” rating in a report on Wednesday, March 2nd. BMO Capital Markets upped their price objective on shares of Bank of Montreal to C$162.00 and gave the company a “hold” rating in a report on Tuesday, December 21st. Fundamental Research upped their target price on shares of Bank of Montreal from C$143.30 to C$175.57 and gave the company a “buy” rating in a research report on Monday, March 7th. Scotiabank reduced their price target on shares of Bank of Montreal from C$168.00 to C$161.00 in a research report on Wednesday. Finally, CIBC reduced their target price on shares of Bank of Montreal from C$156.00 to C$150.00 in a report on Monday, April 11th.

Shares of TSE BMO opened at C$143.24 on Friday. The firm has a fifty day moving average price of C$147.43 and a 200-day moving average price of C$141.06. The stock has a market cap of C$96.18 billion and a PE ratio of 11.03. Bank of Montreal has a 1 year low of C$112.34 and a 1 year high of C$154.47.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last announced its quarterly earnings data on Tuesday, March 1st. The bank reported C$3.89 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.30 by C$0.59. The company had revenue of C$7.72 billion for the quarter, compared to the consensus estimate of C$6.67 billion. On average, sell-side analysts expect that Bank of Montreal will post 14.7899996 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Monday, May 2nd will be issued a dividend of $1.33 per share. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, April 29th. Bank of Montreal’s dividend payout ratio is 34.74%.

About Bank of Montreal (Get Rating)

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.

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Analyst Recommendations for Bank of Montreal (TSE:BMO)

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