Bank of Montreal (BMO) to Release Earnings on Thursday

Bank of Montreal (NYSE:BMO) (TSE:BMO) will announce its earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $1.98 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Bank of Montreal Price Performance

Bank of Montreal stock opened at $95.30 on Wednesday. The firm has a fifty day moving average of $92.78 and a 200-day moving average of $88.26. Bank of Montreal has a 52-week low of $76.98 and a 52-week high of $100.12. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $69.53 billion, a P/E ratio of 15.01, a PEG ratio of 2.59 and a beta of 1.10.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays cut their price objective on Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Jefferies Financial Group downgraded shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Scotiabank cut shares of Bank of Montreal from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $123.00 to $112.00 in a research report on Wednesday, August 28th. StockNews.com lowered shares of Bank of Montreal from a “hold” rating to a “sell” rating in a report on Thursday, August 29th. Finally, Bank of America lowered shares of Bank of Montreal from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $134.00 to $117.00 in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $119.75.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company’s personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.