Bank of Montreal (TSE:BMO) – Stock analysts at National Bank Financial lowered their Q1 2017 earnings per share estimates for Bank of Montreal in a research note issued to investors on Thursday. National Bank Financial analyst P. Routledge now expects that the firm will post earnings per share of $1.77 for the quarter, down from their previous forecast of $1.79. National Bank Financial currently has a “Sector Perform” rating and a $88.00 target price on the stock. National Bank Financial also issued estimates for Bank of Montreal’s Q2 2017 earnings at $1.76 EPS and Q3 2017 earnings at $1.85 EPS.

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

A number of other brokerages have also recently weighed in on BMO. CIBC lifted their target price on Bank of Montreal from C$88.00 to C$90.00 in a report on Friday, September 2nd. Scotiabank boosted their price objective on Bank of Montreal from C$86.00 to C$89.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 24th. Keefe, Bruyette & Woods boosted their price objective on Bank of Montreal from C$84.00 to C$85.00 in a research note on Wednesday, August 24th. Desjardins boosted their price objective on Bank of Montreal from C$84.00 to C$86.00 and gave the stock a “hold” rating in a research note on Wednesday, August 24th. Finally, TD Securities boosted their price objective on Bank of Montreal from C$86.00 to C$89.00 and gave the stock a “hold” rating in a research note on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$87.73.

Shares of Bank of Montreal (TSE:BMO) opened at 86.06 on Monday. The firm has a market cap of $55.51 billion and a P/E ratio of 12.80. The company’s 50 day moving average price is $85.22 and its 200-day moving average price is $84.00. Bank of Montreal has a 12-month low of $68.65 and a 12-month high of $87.92.

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

About Bank of Montreal

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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