Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) had its price objective lowered by investment analysts at Desjardins from C$125.00 to C$120.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Desjardins’ price target indicates a potential upside of 8.99% from the stock’s previous close.
Several other research analysts have also issued reports on the company. Keefe, Bruyette & Woods lowered Bank of Montreal from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 3rd. Jefferies Financial Group cut their price target on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Cormark cut their target price on shares of Bank of Montreal from C$133.00 to C$129.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Canaccord Genuity Group reduced their price target on shares of Bank of Montreal from C$135.00 to C$130.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, TD Securities lowered their price objective on shares of Bank of Montreal from C$134.00 to C$130.00 in a research report on Thursday, August 8th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$121.00.
Read Our Latest Research Report on BMO
Bank of Montreal Stock Down 1.7 %
Bank of Montreal (TSE:BMO – Get Free Report) (NYSE:BMO) last issued its quarterly earnings results on Wednesday, May 29th. The bank reported C$2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.74 by C($0.15). The firm had revenue of C$7.97 billion for the quarter, compared to analyst estimates of C$8.06 billion. Bank of Montreal had a net margin of 20.07% and a return on equity of 8.19%. On average, equities research analysts anticipate that Bank of Montreal will post 11.6437811 EPS for the current fiscal year.
About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.
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