Analyst lowers the estimated Q1 2017 for Bank of Montreal (BMO)

Analyst lowers the estimated Q1 2017 for Bank of Montreal (BMO)

Bank of Montreal (TSE:BMO) – Analysts at National Bank Financial cut their Q1 2017 earnings per share (EPS) estimates for Bank of Montreal in a note issued to investors on Thursday. National Bank Financial analyst P. Routledge now expects that the brokerage will earn $1.77 per share for the quarter, down from their prior forecast of $1.79. National Bank Financial has a “Sector Perform” rating and a $88.00 price objective 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.

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

Bank of Montreal (TSE:BMO) opened at 86.06 on Monday. The company has a market capitalization of $55.51 billion and a P/E ratio of 12.80. Bank of Montreal has a 1-year low of $68.65 and a 1-year high of $87.92. The firm has a 50-day moving average price of $85.22 and a 200 day moving average price of $84.00.

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

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