Bank of Montreal Downgraded to “Neutral” at Credit Suisse (BMO)
Bank of Montreal (NYSE:BMO) was downgraded by stock analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 29th. Analysts at Barclays initiated coverage on shares of Bank of Montreal in a research note on Thursday, May 8th. They set an “equal weight” rating on the stock. Nine research analysts have rated the stock with a hold rating, Bank of Montreal has an average rating of “Hold” and a consensus target price of $66.23.
Shares of Bank of Montreal (NYSE:BMO) traded down 1.81% during mid-day trading on Thursday, hitting $73.22. 499,353 shares of the company’s stock traded hands. Bank of Montreal has a 1-year low of $60.34 and a 1-year high of $76.72. The stock has a 50-day moving average of $74.03 and a 200-day moving average of $68.72. The company has a market cap of $47.227 billion and a price-to-earnings ratio of 12.45.
Bank of Montreal (NYSE:BMO) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $1.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.52 by $0.11. The company had revenue of $4.04 billion for the quarter. During the same quarter last year, the company posted $1.46 earnings per share. Bank of Montreal’s revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that Bank of Montreal will post $6.54 earnings per share for the current fiscal year.
Bank of Montreal (NYSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.
Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with Analyst Ratings Network's FREE daily email newsletter.