Bank of Montreal (TSE:BMO) Receives Average Recommendation of “Hold” from Analysts

Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have received an average rating of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$182.75.

A number of brokerages have recently issued reports on BMO. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. CIBC boosted their price target on shares of Bank of Montreal from C$192.00 to C$199.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Canaccord Genuity Group increased their price objective on shares of Bank of Montreal from C$192.00 to C$201.00 in a report on Friday, December 5th. Raymond James Financial boosted their target price on shares of Bank of Montreal from C$182.00 to C$183.00 in a research note on Monday, December 8th. Finally, National Bankshares lowered shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$173.00 to C$181.00 in a research note on Monday, November 17th.

Bank of Montreal Stock Down 0.0%

BMO stock opened at C$178.40 on Friday. Bank of Montreal has a 52-week low of C$121.31 and a 52-week high of C$182.90. The firm has a market cap of C$129.80 billion, a P/E ratio of 15.59, a PEG ratio of 0.71 and a beta of 1.39. The company’s 50-day simple moving average is C$175.83 and its 200-day simple moving average is C$166.97.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%.The company had revenue of C$9.34 billion during the quarter. On average, analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

Bank of Montreal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Thursday, October 30th. Bank of Montreal’s dividend payout ratio (DPR) is 56.29%.

Bank of Montreal Company Profile

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.