Bank of Montreal (TSE:BMO) Receives C$120.77 Consensus PT from Analysts

Bank of Montreal (TSE:BMO) (NYSE:BMO) has earned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$120.77.

Several research firms recently issued reports on BMO. Cormark cut their price objective on Bank of Montreal from C$129.00 to C$118.00 in a report on Wednesday, August 28th. National Bankshares cut their price target on Bank of Montreal from C$131.00 to C$127.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Canaccord Genuity Group cut their price target on Bank of Montreal from C$135.00 to C$130.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. Scotiabank downgraded Bank of Montreal from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$123.00 to C$112.00 in a report on Wednesday, August 28th. Finally, UBS Group set a C$122.00 price target on Bank of Montreal and gave the stock a “neutral” rating in a report on Tuesday, July 2nd.

Bank of Montreal Trading Up 0.5 %

BMO stock opened at C$124.30 on Wednesday. The company has a market capitalization of C$90.67 billion, a PE ratio of 14.30, a P/E/G ratio of 0.54 and a beta of 1.15. Bank of Montreal has a 12-month low of C$102.67 and a 12-month high of C$133.95. The business’s fifty day moving average price is C$116.71 and its 200 day moving average price is C$121.15.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, August 27th. The bank reported C$2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.72 by C($0.08). The firm had revenue of C$8.19 billion during the quarter, compared to analysts’ expectations of C$8.23 billion. Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. Research analysts predict that Bank of Montreal will post 11.0223814 EPS for the current fiscal year.

Bank of Montreal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 26th will be given a dividend of $1.55 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $6.20 dividend on an annualized basis and a yield of 4.99%. Bank of Montreal’s payout ratio is 71.35%.

Insiders Place Their Bets

In other Bank of Montreal news, Senior Officer David Robert Casper sold 12,819 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. In other news, Senior Officer David Robert Casper sold 12,819 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. Also, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$112.16, for a total value of C$886,977.10. 0.03% of the stock is owned by insiders.

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.