Bank Of Montreal (NYSE:BMO) Downgraded to "Hold" at Zacks Investment Research

Wall Street brokerages expect Bank Of Montreal (NYSE:BMO) (TSE:BMO) to announce $1.60 earnings per share for the current quarter, according to Zacks Investment Research.

TRADEMARK VIOLATION NOTICE: "Bank Of Montreal (BMO) Downgraded by Zacks Investment Research to "Sell" was originally reported by BBNS and is the property of of BBNS. Bank of Montreal (USA) (NYSE:BMO) has risen 10.44% since November 15, 2016 and is uptrending. The firm earned $5.28 billion during the quarter.

Other analysts have also recently issued reports about the stock.

Equity analyst Canaccord Genuity released guidance on BMO with a rating of "Hold" and projecting a price target of $102.00. The bank reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.04).

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. BidaskClub downgraded Bank Of Montreal from a "buy" rating to a "hold" rating in a research report on Saturday, August 5th. Acadian Asset Management LLC lifted its position in shares of Bank Of Montreal by 5.4% in the 2nd quarter. During the same period a year ago, the company posted $1.90 earnings per share. Scotiabank restated a "buy" rating and set a $101.00 target price on shares of Bank Of Montreal in a research report on Wednesday, August 30th. Capital Research Global Investors increased its position in shares of Bank Of Montreal by 97.1% in the second quarter. Taylor Asset Management Inc claims 284,800 shares worth $21,550,000. Legal & General Group Plc now owns 3,067,790 shares of the company's stock valued at $193,634,000 after buying an additional 69,811 shares in the last quarter. TD Asset Management Inc. lifted its position in shares of Bank Of Montreal by 1.5% in the 2nd quarter. They set a "neutral" rating and a $81.00 target price on the stock. The stock now has an average rating of "Hold" and a consensus price target of $86.91.

A number of hedge funds have recently added to or reduced their stakes in the stock. Can now owns 6,098,215 shares of the bank's stock valued at $460,556,000 after acquiring an additional 390,688 shares in the last quarter. Intact Investment Management Inc. raised its position in shares of Bank Of Montreal by 106.6% in the second quarter. The value of the investment in (BMO) went from $46,574,000 to $54,676,000 a change of 17.4% quarter to quarter. Bank of Montreal has a one year low of C$85.94 and a one year high of C$104.15. The firm owned 1,393,671 shares of the company's stock after selling 654,736 shares during the period. Bank of Montreal (USA)'s Wall Street analysts see 4.58 % EPS growth, taking into account the $1.53 EPS reproted in the previous quarter, About 286,858 shares traded. This translates into $1.31 billion profit for T_BMO giving the stock a 12.13 P/E. Days to cover decreased from 14.0 to 9.0 and the percentage of shorted shares is 0.01% as of October 31. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of U.S. & global trademark & copyright legislation. The ex-dividend date is Tuesday, October 31st. This represents a $3.60 dividend on an annualized basis and a yield of 3.67%. Bank Of Montreal's dividend payout ratio is now 46.91%. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products. Bank of Montreal's P/E ratio is 12.01 and the market cap of the company is 49.85B. RBC Capital Markets maintained Bank of Montreal (TSE:BMO) rating on Wednesday, December 2.

Vanessa Coleman