The Bank of Montreal (BMO) Rating Increased to Buy at TD Securities

The Bank of Montreal (BMO) Rating Increased to Buy at TD Securities

Several other equities research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on Bank of Montreal from C$105.00 to C$95.00 in a research note on Tuesday, February 21st. Barclays PLC lifted their price target on Bank of Montreal from C$82.00 to C$86.00 in a research report on Monday, February 13th. CIBC lifted their price target on Bank of Montreal from C$100.00 to C$101.00 in a research report on Wednesday, February 15th. Desjardins lifted their price target on Bank of Montreal from C$99.00 to C$104.00 and gave the stock a “hold” rating in a research report on Wednesday, March 1st. Finally, National Bank Financial lifted their price target on Bank of Montreal from C$104.00 to C$107.00 in a research report on Wednesday, March 1st. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$99.43.

Bank of Montreal (TSE:BMO) (NYSE:BMO) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a C$105.00 price target on the bank’s stock. TD Securities’ target price indicates a potential upside of 15.04% from the stock’s previous close.

Bank of Montreal (BMO) opened at 91.27 on Thursday. Bank of Montreal has a one year low of $79.82 and a one year high of $104.15. The company has a 50-day moving average of $95.14 and a 200 day moving average of $96.99. The firm has a market cap of $59.51 billion and a P/E ratio of 11.48.

Bank of Montreal (TSE:BMO) last posted its earnings results on Wednesday, May 24th. The bank reported $1.92 earnings per share for the quarter, missing the consensus estimate of $1.94 by $0.02. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Equities research analysts expect that Bank of Montreal will post $7.98 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.90 per share. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.88. This represents a $3.60 annualized dividend and a yield of 3.94%.

Bank of Montreal (TSE:BMO) last posted its earnings results on Wednesday, May 24th. The bank reported $1.92 earnings per share for the quarter, missing the consensus estimate of $1.94 by $0.02. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Equities research analysts expect that Bank of Montreal will post $7.98 earnings per share for the current fiscal year. In related news, Director Ron Farmer bought 2,000 shares of the company’s stock in a transaction dated Monday, May 29th. The shares were acquired at an average price of C$91.24 per share, with a total value of C$182,480.00. Also, Director Thomas Earl Flynn sold 10,951 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of C$91.60, for a total value of C$1,003,111.60. In the last ninety days, insiders have sold 103,056 shares of company stock worth $10,347,087.

Bank of Montreal Company Profile Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:BMO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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