Wall Street Zen Downgrades Bank Of Montreal (NYSE:BMO) to Sell

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

A number of other equities analysts have also recently weighed in on BMO. Cowen restated a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. National Bankshares restated an “outperform” rating on shares of Bank Of Montreal in a research note on Friday, August 15th. CIBC raised shares of Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, September 5th. Royal Bank Of Canada cut shares of Bank Of Montreal from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $168.00 to $163.00 in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank Of Montreal in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Stock Down 0.2%

Shares of Bank Of Montreal stock opened at $123.90 on Friday. Bank Of Montreal has a twelve month low of $85.40 and a twelve month high of $131.36. The stock has a market cap of $88.17 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $126.94 and a 200 day moving average price of $115.86.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Tuesday, August 26th. The bank reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.21. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $8.84 billion. During the same quarter in the previous year, the firm posted $2.64 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts forecast that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bank Of Montreal

A number of institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in Bank Of Montreal in the third quarter worth about $247,000. Creative Planning raised its position in shares of Bank Of Montreal by 28.6% during the 3rd quarter. Creative Planning now owns 62,297 shares of the bank’s stock worth $8,114,000 after purchasing an additional 13,840 shares during the period. Credit Agricole S A bought a new stake in shares of Bank Of Montreal in the 3rd quarter worth approximately $1,341,000. Virtu Financial LLC acquired a new position in Bank Of Montreal during the 3rd quarter valued at approximately $427,000. Finally, Qtron Investments LLC bought a new position in Bank Of Montreal during the 3rd quarter worth $236,000. 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.