Bank of Montreal Given Average Recommendation of “Hold” by Analysts (NYSE:BMO)
Shares of Bank of Montreal (NYSE:BMO) have been given an average rating of “Hold” by the eight ratings firms that are covering the stock, Analyst Ratings Net reports. Eight investment analysts have rated the stock with a hold rating, The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $66.23.
BMO has been the subject of a number of recent research reports. Analysts at RBC Capital downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 29th. Separately, analysts at Barclays initiated coverage on shares of Bank of Montreal in a research note on Thursday, May 8th. They set an “equal weight” rating on the stock. Finally, 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 on the stock.
Bank of Montreal (NYSE:BMO) opened at 70.81 on Wednesday. Bank of Montreal has a 52 week low of $55.61 and a 52 week high of $71.33. The stock has a 50-day moving average of $69.44 and a 200-day moving average of $66.75. The company has a market cap of $45.672 billion and a P/E ratio of 11.85.
Bank of Montreal (NYSE:BMO) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.52 by $0.11. The company had revenue of $4.04 billion for the quarter. During the same quarter in the prior year, the company posted $1.46 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that Bank of Montreal will post $6.54 EPS for the current fiscal year.
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 $0.7178 per share. This represents a $2.87 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, July 30th.
Bank of Montreal (NYSE: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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