Bank Of Montreal (NYSE:BMO) Raised to “Hold” at Wall Street Zen

Bank Of Montreal (NYSE:BMO) (TSE:BMO) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also commented on BMO. TD Securities reiterated a “hold” rating on shares of Bank Of Montreal in a report on Friday. Raymond James Financial began coverage on Bank Of Montreal in a research report on Monday, November 24th. They set a “market perform” rating on the stock. Scotiabank reiterated a “sector perform” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. CIBC upgraded Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, September 5th. Finally, Royal Bank Of Canada downgraded Bank Of Montreal from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $168.00 to $163.00 in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Stock Up 1.7%

NYSE BMO opened at $128.81 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11. Bank Of Montreal has a fifty-two week low of $85.40 and a fifty-two week high of $131.36. The business has a 50 day moving average price of $125.61 and a two-hundred day moving average price of $118.28. The stock has a market cap of $91.66 billion, a PE ratio of 15.79, a P/E/G ratio of 0.84 and a beta of 0.95.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its earnings results on Thursday, December 4th. The bank reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.20. The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.51 billion. Bank Of Montreal had a net margin of 11.13% and a return on equity of 11.79%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 earnings per share. As a group, sell-side analysts predict that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Bank Of Montreal

Several large investors have recently added to or reduced their stakes in BMO. True Wealth Design LLC acquired a new position in shares of Bank Of Montreal during the third quarter valued at $28,000. WFA of San Diego LLC acquired a new stake in shares of Bank Of Montreal in the 2nd quarter worth about $28,000. Larson Financial Group LLC lifted its position in Bank Of Montreal by 466.7% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after purchasing an additional 196 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Bank Of Montreal in the 1st quarter valued at about $34,000. Finally, Truvestments Capital LLC acquired a new position in Bank Of Montreal during the 1st quarter valued at about $39,000. 45.82% of the stock is owned by institutional investors and hedge funds.

Bank Of Montreal Company Profile

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.