Bank of Montreal (BMO) – Research Analysts’ Recent Ratings Updates

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Bank of Montreal (TSE: BMO) has recently received a number of price target changes and ratings updates:

  • 9/3/2020 – Bank of Montreal had its “buy” rating reaffirmed by analysts at Fundamental Research. They now have a C$94.07 price target on the stock.
  • 9/1/2020 – Bank of Montreal had its price target raised by analysts at National Bank Financial from C$78.00 to C$83.00. They now have a “sector perform” rating on the stock.
  • 8/27/2020 – Bank of Montreal had its price target raised by analysts at Credit Suisse Group AG from C$75.00 to C$81.00.
  • 8/27/2020 – Bank of Montreal had its price target raised by analysts at CSFB from C$75.00 to C$81.00.
  • 8/26/2020 – Bank of Montreal had its price target raised by analysts at National Bank Financial from C$78.00 to C$83.00. They now have a “sector perform” rating on the stock.
  • 8/26/2020 – Bank of Montreal had its price target raised by analysts at Royal Bank of Canada from C$75.00 to C$86.00. They now have a “sector perform” rating on the stock.
  • 8/26/2020 – Bank of Montreal had its price target raised by analysts at TD Securities from C$84.00 to C$87.00. They now have a “buy” rating on the stock.
  • 8/21/2020 – Bank of Montreal had its price target lowered by analysts at CSFB from C$76.00 to C$75.00.
  • 8/19/2020 – Bank of Montreal had its price target raised by analysts at Canaccord Genuity from C$79.00 to C$80.50.
  • 8/10/2020 – Bank of Montreal had its “hold” rating reaffirmed by analysts at Desjardins.

BMO stock traded down C$0.05 during mid-day trading on Monday, hitting C$81.37. The stock had a trading volume of 2,337,769 shares, compared to its average volume of 3,233,472. Bank of Montreal has a 1-year low of C$55.76 and a 1-year high of C$104.75. The company has a fifty day moving average of C$77.18 and a 200 day moving average of C$75.26. The stock has a market capitalization of $47.60 billion and a price-to-earnings ratio of 11.69.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its earnings results on Tuesday, August 25th. The bank reported C$1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.57 by C$0.28. The company had revenue of C$7.19 billion during the quarter, compared to analyst estimates of C$6.03 billion. As a group, equities analysts anticipate that Bank of Montreal will post 7.9599999 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 26th. Investors of record on Monday, November 2nd will be paid a dividend of $1.06 per share. The ex-dividend date is Friday, October 30th. This represents a $4.24 annualized dividend and a yield of 5.21%. Bank of Montreal’s payout ratio is 60.49%.

In other Bank of Montreal news, Director George Cope acquired 1,300 shares of Bank of Montreal stock in a transaction dated Wednesday, June 10th. The stock was bought at an average cost of C$76.85 per share, with a total value of C$99,905.00. Following the completion of the transaction, the director now owns 26,960 shares of the company’s stock, valued at C$2,071,876.

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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