Bank of Montreal (BMO) Posts Quarterly Results
Bank of Montreal (TSE:BMO) issued its quarterly earnings data on Thursday. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.10, StockRatingsNetwork.com reports.
Shares of Bank of Montreal (TSE:BMO) opened at 76.62 on Thursday. Bank of Montreal has a 52-week low of $58.68 and a 52-week high of $77.45. The stock has a 50-day moving average of $75.60 and a 200-day moving average of $72.74. The company has a market cap of $49.420 billion and a price-to-earnings ratio of 12.11.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Stockholders of record on Friday, August 1st will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.07%.
BMO has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Montreal from C$68.00 to C$72.00 in a research note on Tuesday, May 20th. They now have a “market perform” rating on the stock. On a related note, analysts at Canaccord Genuity initiated coverage on shares of Bank of Montreal in a research note on Thursday, May 1st. They set a “hold” rating and a C$78.00 price target on the stock. Finally, analysts at CSFB raised their price target on shares of Bank of Montreal from C$77.00 to C$79.00 in a research note on Monday, March 17th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$76.00.
Bank of Montreal (TSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.
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