Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by Desjardins from C$104.00 to C$106.00 in a report published on Wednesday morning. Desjardins also issued estimates for Bank of Montreal’s Q2 2019 earnings at $2.33 EPS, Q3 2019 earnings at $2.43 EPS and Q4 2019 earnings at $2.47 EPS.
Several other equities research analysts also recently weighed in on BMO. National Bank Financial increased their price target on Bank of Montreal from C$114.00 to C$116.00 in a report on Wednesday. Barclays decreased their price target on Bank of Montreal from C$110.00 to C$105.00 in a report on Friday, November 16th. Canaccord Genuity decreased their price target on Bank of Montreal from C$118.00 to C$111.00 in a report on Thursday, November 22nd. Eight Capital downgraded Bank of Montreal from a buy rating to a neutral rating and decreased their price target for the stock from C$124.00 to C$117.00 in a report on Wednesday, December 5th. Finally, TD Securities downgraded Bank of Montreal from a buy rating to a hold rating and decreased their price target for the stock from C$120.00 to C$110.00 in a report on Wednesday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of C$110.36.
Get Bank of Montreal alerts:Shares of TSE BMO opened at C$103.15 on Wednesday. Bank of Montreal has a 1-year low of C$86.25 and a 1-year high of C$109.00. The firm has a market cap of $63.25 billion and a P/E ratio of 12.63.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings results on Tuesday, December 4th. The bank reported C$2.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.30 by C$0.02. The company had revenue of C$5.92 billion for the quarter, compared to analyst estimates of C$5.74 billion. Analysts anticipate that Bank of Montreal will post 10.170000238097 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 1st will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Tuesday, April 30th. Bank of Montreal’s dividend payout ratio (DPR) is currently 46.27%.
In other Bank of Montreal news, insider Ron Farmer bought 1,000 shares of Bank of Montreal stock in a transaction on Friday, December 21st. The stock was bought at an average price of C$87.92 per share, with a total value of C$87,920.00. Following the completion of the acquisition, the insider now owns 4,000 shares in the company, valued at C$351,680. Also, Director Craig Wyeth Broderick bought 1,130 shares of Bank of Montreal stock in a transaction on Wednesday, December 12th. The stock was acquired at an average cost of C$68.37 per share, with a total value of C$77,258.10. In the last three months, insiders acquired 3,130 shares of company stock valued at $254,528.
About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.
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