Bank Of Montreal (NYSE:BMO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) have been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $163.00.

Several research analysts recently commented on BMO shares. National Bankshares reiterated an “outperform” rating on shares of Bank Of Montreal in a report on Friday, August 15th. UBS Group reaffirmed a “neutral” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. Raymond James Financial began coverage on Bank Of Montreal in a research report on Monday, November 24th. They set a “market perform” rating for the company. Scotiabank restated a “sector perform” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. Finally, Cowen reaffirmed a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th.

Bank Of Montreal Trading Up 0.9%

NYSE:BMO opened at $126.54 on Friday. The company’s 50 day moving average is $125.94 and its 200-day moving average is $117.57. 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 12 month low of $85.40 and a 12 month high of $131.36. The firm has a market cap of $90.05 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 1.28 and a beta of 1.04.

Hedge Funds Weigh In On Bank Of Montreal

Large investors have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC grew its position in Bank Of Montreal by 228.9% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Bank Of Montreal in the third quarter valued at about $28,000. WFA of San Diego LLC acquired a new stake in Bank Of Montreal during the second quarter worth about $28,000. Larson Financial Group LLC increased its stake in Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares during the period. Finally, Bayforest Capital Ltd bought a new position in Bank Of Montreal during the first quarter valued at about $34,000. 45.82% of the stock is currently owned by institutional investors and hedge funds.

About Bank Of Montreal

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.