Bank of Montreal (TSE:BMO) – Stock analysts at Cormark lowered their FY2016 earnings per share estimates for shares of Bank of Montreal in a research note issued to investors on Wednesday. Cormark analyst M. Grauman now forecasts that the firm will post earnings per share of $7.26 for the year, down from their prior forecast of $7.28. Cormark also issued estimates for Bank of Montreal’s Q4 2016 earnings at $1.83 EPS, FY2017 earnings at $7.57 EPS and FY2018 earnings at $8.02 EPS.

Earnings History and Estimates for Bank of Montreal (TSE:BMO)

A number of other analysts have also recently weighed in on BMO. Desjardins boosted their price objective on shares of Bank of Montreal from C$82.00 to C$84.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Barclays PLC boosted their price objective on shares of Bank of Montreal from C$70.00 to C$75.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Bank of Montreal from C$81.00 to C$84.00 in a research note on Thursday, August 18th. CIBC boosted their price objective on shares of Bank of Montreal from C$85.00 to C$88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 24th. Finally, Royal Bank Of Canada boosted their price objective on shares of Bank of Montreal from C$84.00 to C$88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$87.73.

Bank of Montreal (TSE:BMO) opened at 86.06 on Friday. The stock has a 50 day moving average of $85.22 and a 200-day moving average of $84.00. Bank of Montreal has a 52-week low of $68.65 and a 52-week high of $87.92. The company has a market capitalization of $55.51 billion and a P/E ratio of 12.80.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Tuesday, November 1st will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, October 28th.

Bank of Montreal Company Profile

Bank of Montreal (BMO) is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.

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