Bank of Montreal (TSE:BMO) Reaches New 12-Month Low at $24.00

Bank of Montreal (TSE:BMO – Get Rating) (NYSE:BMO)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$24.00 and last traded at C$143.48, with a volume of 397210 shares. The stock had previously closed at C$143.24.

Several equities analysts have recently commented on the stock. Veritas Investment Research restated a “buy” rating on shares of Bank of Montreal in a research report on Tuesday, December 21st. Cormark restated a “buy” rating and set a C$34.00 price target on shares of Bank of Montreal in a research report on Tuesday, February 22nd. Royal Bank of Canada upped their price target on shares of Bank of Montreal from C$160.00 to C$164.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 2nd. Barclays upgraded shares of Bank of Montreal from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from C$140.00 to C$165.00 in a research report on Wednesday, January 19th. Finally, Scotiabank lowered their price target on shares of Bank of Montreal from C$168.00 to C$161.00 in a research report on Wednesday, April 13th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Bank of Montreal presently has a consensus rating of “Buy” and a consensus price target of C$149.85.

The company has a market cap of C$96.10 billion and a P/E ratio of 11.03. The stock’s 50-day moving average price is C$147.43 and its 200 day moving average price is C$141.06.

Bank of Montreal (TSE:BMO – Get Rating) (NYSE:BMO) last announced its quarterly earnings data on Tuesday, March 1st. The bank reported C$3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of C$3.30 by C$0.59. The company had revenue of C$7.72 billion during the quarter, compared to analyst estimates of C$6.67 billion. On average, equities research analysts predict that Bank of Montreal will post 14.7899996 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Monday, May 2nd will be paid a $1.33 dividend. The ex-dividend date is Friday, April 29th. This represents a $5.32 annualized dividend and a dividend yield of 3.72%. Bank of Montreal’s payout ratio is 34.74%.

Bank of Montreal Company Profile (TSE:BMO)

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.

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