Bank of Montreal (TSE:BMO) Given Average Recommendation of “Buy” by Brokerages

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

BMO has been the subject of several research analyst reports. National Bank Financial downgraded Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Sunday, March 6th. Fundamental Research boosted their target price on Bank of Montreal from C$143.30 to C$175.57 and gave the stock a “buy” rating in a research note on Monday, March 7th. CIBC lowered their target price on Bank of Montreal from C$156.00 to C$150.00 in a research note on Monday, April 11th. Scotiabank lowered their target price on Bank of Montreal from C$168.00 to C$161.00 in a research note on Wednesday, April 13th. Finally, Canaccord Genuity Group boosted their target price on Bank of Montreal from C$169.00 to C$171.00 in a research note on Wednesday, March 2nd.

BMO opened at C$131.70 on Wednesday. Bank of Montreal has a twelve month low of C$116.39 and a twelve month high of C$154.47. The company has a 50-day simple moving average of C$144.55 and a 200 day simple moving average of C$142.36. The stock has a market capitalization of C$88.43 billion and a price-to-earnings ratio of 10.14.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, March 1st. The bank reported C$3.89 earnings per share for the quarter, topping the consensus estimate of C$3.30 by C$0.59. The firm had revenue of C$7.72 billion for the quarter, compared to the consensus estimate of C$6.67 billion. Sell-side analysts anticipate that Bank of Montreal will post 14.8100014 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Investors of record on Monday, May 2nd will be issued a $1.33 dividend. This represents a $5.32 annualized dividend and a yield of 4.04%. The ex-dividend date is Friday, April 29th. Bank of Montreal’s payout ratio is presently 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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