Bank of Montreal (TSE:BMO) Receives Consensus Recommendation of “Hold” from Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) has earned an average recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$182.75.

A number of brokerages recently weighed in on BMO. Barclays boosted their target price on Bank of Montreal from C$177.00 to C$181.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. National Bankshares cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$173.00 to C$181.00 in a report on Monday, November 17th. Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$192.00 to C$201.00 in a report on Friday, December 5th. Royal Bank Of Canada upped their price target on shares of Bank of Montreal from C$163.00 to C$178.00 in a research note on Friday, December 5th. Finally, Desjardins increased their price objective on shares of Bank of Montreal from C$180.00 to C$189.00 and gave the company a “hold” rating in a research report on Thursday, December 18th.

Bank of Montreal Price Performance

Shares of Bank of Montreal stock opened at C$178.40 on Friday. The stock has a market cap of C$129.80 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.71 and a beta of 1.39. Bank of Montreal has a 1 year low of C$121.31 and a 1 year high of C$182.90. The firm’s 50-day moving average is C$175.83 and its 200 day moving average is C$166.97.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share (EPS) for the quarter. The firm had revenue of C$9.34 billion for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. On average, equities analysts expect that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 26th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, October 30th. Bank of Montreal’s dividend payout ratio is presently 56.29%.

Bank of Montreal Company Profile

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.