National Bank Financial Equities Analysts Reduce Earnings Estimates for Bank of Montreal (BMO)

Bank of Montreal (TSE:BMO) (NYSE:BMO) – Stock analysts at National Bank Financial reduced their Q2 2018 EPS estimates for Bank of Montreal in a research note issued to investors on Tuesday. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $2.06 per share for the quarter, down from their prior estimate of $2.11.

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Several other equities analysts have also issued reports on BMO. TD Securities dropped their price target on Bank of Montreal from C$110.00 to C$105.00 and set a “hold” rating on the stock in a research note on Thursday, May 25th. Scotiabank dropped their price target on Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating on the stock in a research note on Wednesday. CIBC dropped their price target on Bank of Montreal from C$101.00 to C$100.00 in a research note on Wednesday. Barclays PLC boosted their price target on Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. Finally, Canaccord Genuity boosted their price target on Bank of Montreal from C$99.00 to C$102.00 and gave the company a “hold” rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$100.00.

Shares of Bank of Montreal (TSE BMO) opened at 89.49 on Friday. Bank of Montreal has a 1-year low of $83.43 and a 1-year high of $104.15. The company has a market capitalization of $60.55 billion and a PE ratio of 10.95. The company’s 50-day moving average price is $93.70 and its 200-day moving average price is $96.24.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.02%.

In related news, insider David Robert Casper sold 17,005 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of C$93.36, for a total transaction of C$1,587,586.80. Also, Director La Flèche Eric Richer purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were bought at an average price of C$93.82 per share, with a total value of C$187,640.00.

About Bank of Montreal

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, creditor insurance, and financial and investment advice; 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.

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




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