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

Bank of Montreal (TSE:BMO) (NYSE:BMO) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$132.42.

A number of equities analysts recently commented on the company. Bank of America dropped their price objective on Bank of Montreal from C$125.00 to C$120.00 and set a “neutral” rating on the stock in a report on Wednesday, August 30th. National Bankshares set a C$123.00 price objective on Bank of Montreal and gave the stock a “sector perform” rating in a report on Friday, September 22nd. BMO Capital Markets increased their price objective on Bank of Montreal from C$121.50 to C$130.50 in a report on Monday, July 24th. Barclays dropped their price objective on Bank of Montreal from C$131.00 to C$126.00 and set an “overweight” rating on the stock in a report on Wednesday, August 30th. Finally, Canaccord Genuity Group increased their price objective on Bank of Montreal from C$121.50 to C$130.50 and gave the stock a “buy” rating in a report on Monday, July 24th.

Bank of Montreal Price Performance

Shares of BMO opened at C$107.32 on Friday. The company has a market capitalization of C$76.91 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.49 and a beta of 1.15. Bank of Montreal has a fifty-two week low of C$102.67 and a fifty-two week high of C$137.64. The business’s 50-day moving average is C$111.54 and its 200-day moving average is C$115.78.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its earnings results on Tuesday, August 29th. The bank reported C$2.78 earnings per share for the quarter, missing analysts’ consensus estimates of C$3.06 by C($0.28). The business had revenue of C$7.93 billion during the quarter. Bank of Montreal had a net margin of 23.03% and a return on equity of 10.26%. Equities research analysts expect that Bank of Montreal will post 13.019025 earnings per share for the current fiscal year.

Bank of Montreal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 28th will be given a $1.47 dividend. The ex-dividend date of this dividend is Friday, October 27th. This represents a $5.88 annualized dividend and a dividend yield of 5.48%. Bank of Montreal’s dividend payout ratio is 57.99%.

Bank of Montreal Company Profile

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.