Bank of Montreal (TSE:BMO) Given Consensus Recommendation of “Hold” by Brokerages

Bank of Montreal (TSE:BMO – Get Rating) (NYSE:BMO) has been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$146.09.

A number of brokerages have recently commented on BMO. Cormark cut their price objective on shares of Bank of Montreal from C$148.00 to C$147.00 in a research report on Wednesday, March 1st. Royal Bank of Canada decreased their price objective on shares of Bank of Montreal from C$154.00 to C$151.00 in a research note on Monday, March 27th. TD Securities decreased their price objective on shares of Bank of Montreal from C$145.00 to C$140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 1st. Fundamental Research set a C$160.30 price objective on shares of Bank of Montreal and gave the stock a “buy” rating in a research note on Tuesday, March 14th. Finally, CSFB decreased their price objective on shares of Bank of Montreal from C$147.00 to C$139.00 in a research note on Tuesday, May 16th.

Bank of Montreal Trading Down 0.9 %

Shares of TSE:BMO opened at C$117.98 on Friday. Bank of Montreal has a 1 year low of C$113.47 and a 1 year high of C$138.85. The firm has a fifty day moving average price of C$119.62 and a 200 day moving average price of C$126.08. The stock has a market capitalization of C$82.98 billion, a PE ratio of 5.90, a P/E/G ratio of 1.49 and a beta of 1.13.

Bank of Montreal (TSE:BMO – Get Rating) (NYSE:BMO) last released its quarterly earnings results on Tuesday, February 28th. The bank reported C$3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$3.13 by C$0.09. Bank of Montreal had a net margin of 40.56% and a return on equity of 21.06%. The company had revenue of C$6.47 billion during the quarter. On average, sell-side analysts forecast that Bank of Montreal will post 13.4068182 earnings per share for the current fiscal year.

Bank of Montreal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, April 28th will be issued a $1.43 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $5.72 annualized dividend and a yield of 4.85%. Bank of Montreal’s dividend payout ratio (DPR) is presently 28.61%.

Bank of Montreal Company Profile

(Get Rating)

Bank of Montreal engages in the provision of diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, personal loans, small business lending, cash management, 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.