Bank Of Montreal (NYSE:BMO) Rating Lowered to Sell at Wall Street Zen

Bank Of Montreal (NYSE:BMO) (TSE:BMO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other research analysts have also recently issued reports on BMO. Cibc World Mkts cut shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Scotiabank assumed coverage on shares of Bank Of Montreal in a research note on Thursday, May 15th. They set a “sector perform” rating for the company. Barclays cut shares of Bank Of Montreal from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 9th. Finally, CIBC reaffirmed a “neutral” rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $129.50.

Bank Of Montreal Stock Performance

NYSE:BMO opened at $114.29 on Friday. The business’s fifty day moving average price is $108.00 and its 200 day moving average price is $101.04. The firm has a market capitalization of $82.10 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.25 and a beta of 1.07. Bank Of Montreal has a 12 month low of $76.98 and a 12 month high of $114.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, May 28th. The bank reported $1.84 earnings per share for the quarter, hitting the consensus estimate of $1.84. Bank Of Montreal had a net margin of 10.25% and a return on equity of 10.15%. The business had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $8.79 billion. During the same quarter in the prior year, the firm earned $2.59 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bank Of Montreal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Bank Of Montreal by 228.9% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $26,000 after buying an additional 190 shares during the period. Bayforest Capital Ltd acquired a new position in Bank Of Montreal during the 1st quarter valued at $34,000. Dunhill Financial LLC acquired a new position in Bank Of Montreal during the 4th quarter valued at $39,000. Truvestments Capital LLC acquired a new position in Bank Of Montreal during the 1st quarter valued at $39,000. Finally, HM Payson & Co. acquired a new position in Bank Of Montreal during the 1st quarter valued at $42,000. Institutional investors own 45.82% of the company’s stock.

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.