Bank of Montreal Given Consensus Recommendation of “Hold” by Brokerages (NYSE:BMO)
Shares of Bank of Montreal (NYSE:BMO) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, StockRatingsNetwork reports. Nine research analysts have rated the stock with a hold rating, The average twelve-month target price among brokers that have covered the stock in the last year is $66.23.
Shares of Bank of Montreal (NYSE:BMO) opened at 73.87 on Friday. Bank of Montreal has a 1-year low of $60.34 and a 1-year high of $76.72. The stock’s 50-day moving average is $74.12 and its 200-day moving average is $68.8. The company has a market cap of $47.646 billion and a price-to-earnings ratio of 12.23.
Bank of Montreal (NYSE:BMO) last released its earnings data on Wednesday, May 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter 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.
A number of research firms have recently commented on BMO. Analysts at Credit Suisse downgraded shares of Bank of Montreal from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 31st. 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 Thursday, May 29th. Finally, 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.
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.
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.