Bank of Montreal (NYSE:BMO) (TSE:BMO) – Stock analysts at Cormark increased their FY2018 EPS estimates for Bank of Montreal in a research report issued to clients and investors on Tuesday. Cormark analyst M. Grauman now expects that the bank will earn $6.75 per share for the year, up from their previous forecast of $6.67. Cormark also issued estimates for Bank of Montreal’s Q1 2019 earnings at $1.70 EPS, Q2 2019 earnings at $1.77 EPS, Q3 2019 earnings at $1.90 EPS, Q4 2019 earnings at $1.89 EPS and FY2019 earnings at $7.26 EPS.

Several other research firms have also issued reports on BMO. BidaskClub lowered shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Macquarie started coverage on shares of Bank of Montreal in a research report on Tuesday, October 24th. They set a “neutral” rating and a $81.00 price objective on the stock. Canaccord Genuity reiterated a “hold” rating and set a $105.00 price objective on shares of Bank of Montreal in a research report on Tuesday. Finally, Scotiabank reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Bank of Montreal in a research note on Wednesday, November 22nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $98.20.

Bank of Montreal (BMO) traded down $0.23 during trading on Wednesday, reaching $78.05. 540,200 shares of the company’s stock traded hands, compared to its average volume of 425,200. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $50,803.72, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06. Bank of Montreal has a 12-month low of $66.75 and a 12-month high of $79.02.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Bank of Montreal by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 14,592,498 shares of the bank’s stock worth $1,071,673,000 after acquiring an additional 748,173 shares during the last quarter. CIBC Asset Management Inc lifted its position in Bank of Montreal by 32.5% during the 3rd quarter. CIBC Asset Management Inc now owns 7,059,573 shares of the bank’s stock worth $532,857,000 after acquiring an additional 1,731,928 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Bank of Montreal by 6.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 6,098,215 shares of the bank’s stock worth $460,556,000 after acquiring an additional 390,688 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bank of Montreal by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,800,439 shares of the bank’s stock worth $287,731,000 after acquiring an additional 41,934 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Bank of Montreal by 13.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,134,272 shares of the bank’s stock worth $229,733,000 after purchasing an additional 374,747 shares during the period. 42.78% of the stock is owned by hedge funds and other institutional investors.

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Bank of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Earnings History and Estimates for Bank of Montreal (NYSE:BMO)

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