Bank of Montreal (TSE:BMO) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) from a hold rating to a moderate buy rating in a report published on Friday morning, MarketBeat Ratings reports.

Several other equities analysts have also weighed in on the company. Bank of America increased their price objective on Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. National Bank Financial downgraded Bank of Montreal from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$173.00 to C$181.00 in a research note on Monday, November 17th. Desjardins boosted their price objective on Bank of Montreal from C$189.00 to C$195.00 and gave the company a “hold” rating in a research note on Monday, February 9th. Barclays upped their price objective on shares of Bank of Montreal from C$177.00 to C$181.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Finally, Canaccord Genuity Group lifted their target price on shares of Bank of Montreal from C$201.00 to C$218.00 and gave the stock a “buy” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$189.17.

Bank of Montreal Trading Up 0.7%

Shares of BMO opened at C$192.17 on Friday. The stock has a market cap of C$136.23 billion, a PE ratio of 16.80, a PEG ratio of 0.71 and a beta of 1.38. Bank of Montreal has a 1 year low of C$121.31 and a 1 year high of C$198.68. The stock has a 50 day simple moving average of C$184.86 and a 200-day simple moving average of C$176.23.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its earnings results on Thursday, December 4th. The bank reported C$3.28 earnings per share for the quarter. Bank of Montreal had a net margin of 13.57% and a return on equity of 9.04%. The firm had revenue of C$9.34 billion during the quarter. On average, sell-side analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

About Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.