Bank of Montreal (TSE:BMO) Price Target Raised to C$148.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price upped by National Bankshares from C$127.00 to C$148.00 in a report published on Wednesday morning,BayStreet.CA reports.

Other analysts have also issued research reports about the company. Royal Bank of Canada cut their price target on Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating for the company in a report on Wednesday, August 28th. TD Securities boosted their price target on Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. Jefferies Financial Group cut their price target on Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating for the company in a report on Monday, August 12th. Scotiabank lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$123.00 to C$112.00 in a report on Wednesday, August 28th. Finally, Canaccord Genuity Group boosted their price target on Bank of Montreal from C$125.00 to C$143.00 in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$124.69.

Bank of Montreal Price Performance

BMO stock opened at C$132.68 on Wednesday. The stock has a market capitalization of C$96.78 billion, a P/E ratio of 15.27, a P/E/G ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1-year low of C$107.16 and a 1-year high of C$133.95. The business has a fifty day moving average price of C$125.76 and a 200-day moving average price of C$121.14.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, August 27th. The bank reported C$2.64 EPS for the quarter, missing analysts’ consensus estimates of C$2.72 by C($0.08). The firm had revenue of C$8.19 billion for the quarter, compared to analysts’ expectations of C$8.23 billion. Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. As a group, analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Bank of Montreal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 26th will be given a $1.55 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.67%. Bank of Montreal’s dividend payout ratio is currently 71.35%.

Insider Buying and Selling

In other Bank of Montreal news, Senior Officer David Robert Casper sold 12,819 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. Also, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total value of C$886,977.10. 0.03% of the stock is owned by company insiders.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.