Bank of Montreal Receives Consensus Rating of “Hold” from Analysts (TSE:BMO)
Bank of Montreal (TSE:BMO) has been given a consensus rating of “Hold” by the twelve analysts that are covering the stock, Stock Ratings Network reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$78.00.
A number of analysts have recently weighed in on BMO shares. Analysts at TD Securities raised their price target on shares of Bank of Montreal from C$81.00 to C$84.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 30th. They now have a C$77.00 price target on the stock, up previously from C$76.00. Finally, analysts at CIBC upgraded shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 30th. They now have a C$76.00 price target on the stock, up previously from C$73.00.
Bank of Montreal (TSE:BMO) opened at 77.21 on Wednesday. Bank of Montreal has a 52-week low of $58.68 and a 52-week high of $77.64. The stock has a 50-day moving average of $75.88 and a 200-day moving average of $72.94. The company has a market cap of $49.800 billion and a P/E ratio of 12.11.
Bank of Montreal (TSE:BMO) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.53 by $0.10. On average, analysts predict that Bank of Montreal will post $6.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Investors 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 4.04%.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.