Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective lifted by Canaccord Genuity from C$143.00 to C$149.00 in a research report released on Wednesday, Price Targets.com reports. The firm currently has an outperform rating on the bank’s stock.
Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada increased their price target on Bank of Montreal from C$125.00 to C$141.00 and gave the company a sector perform rating in a research note on Thursday, May 27th. National Bankshares increased their price target on Bank of Montreal from C$136.00 to C$139.00 in a research note on Tuesday, June 15th. CIBC reissued an outperform rating and issued a C$139.00 price target on shares of Bank of Montreal in a research note on Tuesday, August 24th. Scotiabank raised their target price on Bank of Montreal from C$138.00 to C$147.00 in a research note on Tuesday, August 17th. Finally, CSFB raised their target price on Bank of Montreal from C$131.00 to C$138.00 in a research note on Monday, June 7th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$141.15.
Shares of BMO stock opened at C$126.94 on Wednesday. The company has a market cap of C$82.27 billion and a P/E ratio of 11.83. Bank of Montreal has a twelve month low of C$75.92 and a twelve month high of C$132.35. The stock’s fifty day simple moving average is C$126.62.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its earnings results on Wednesday, May 26th. The bank reported C$3.13 EPS for the quarter, beating the consensus estimate of C$2.58 by C$0.55. The firm had revenue of C$6.08 billion during the quarter. On average, sell-side analysts anticipate that Bank of Montreal will post 11.8140908 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 26th. Shareholders of record on Monday, November 1st will be paid a $1.06 dividend. The ex-dividend date is Friday, October 29th. This represents a $4.24 dividend on an annualized basis and a yield of 3.34%. Bank of Montreal’s dividend payout ratio (DPR) is presently 39.52%.
About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. The companys 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, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.
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