Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$110.82.

Several equities analysts recently weighed in on BMO shares. Desjardins increased their price objective on shares of Bank of Montreal from C$104.00 to C$106.00 in a report on Wednesday, February 27th. National Bank Financial increased their price objective on shares of Bank of Montreal from C$114.00 to C$116.00 in a report on Wednesday, February 27th. Canaccord Genuity cut their price objective on shares of Bank of Montreal from C$113.00 to C$111.00 in a report on Wednesday. Royal Bank of Canada increased their price objective on shares of Bank of Montreal from C$112.00 to C$113.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Finally, Bank of America lowered shares of Bank of Montreal from a “neutral” rating to an “underperform” rating and cut their price objective for the company from C$104.00 to C$98.00 in a report on Monday, January 28th.

In other Bank of Montreal news, Senior Officer Patrick Cronin sold 26,022 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$102.16, for a total value of C$2,658,329.45. Also, Senior Officer Cameron Mcaskile Fowler sold 6,900 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$103.98, for a total transaction of C$717,482.70.

Shares of TSE:BMO traded up C$0.64 on Monday, hitting C$104.22. 258,056 shares of the company were exchanged, compared to its average volume of 1,645,590. Bank of Montreal has a one year low of C$86.25 and a one year high of C$109.00. The company has a market cap of $65.69 billion and a price-to-earnings ratio of 11.54.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, February 26th. The bank reported C$2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.24 by C$0.08. The company had revenue of C$6.52 billion for the quarter, compared to the consensus estimate of C$5.94 billion. As a group, research analysts forecast that Bank of Montreal will post 10.2399998725724 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 1st will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, April 30th. Bank of Montreal’s payout ratio is presently 42.65%.

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.

Further Reading: Support Level

Analyst Recommendations for Bank of Montreal (TSE:BMO)

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