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

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

BMO has been the subject of several other research reports. TD Securities upgraded Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Tuesday, January 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank Of Montreal in a research report on Monday, December 29th. Natl Bk Canada lowered Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Raymond James Financial initiated coverage on Bank Of Montreal in a research note on Monday, November 24th. They set a “market perform” rating on the stock. Finally, Scotiabank reissued a “sector perform” rating on shares of Bank Of Montreal in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $163.00.

Bank Of Montreal Price Performance

NYSE BMO opened at $141.56 on Friday. The firm’s 50 day moving average is $132.92 and its 200-day moving average is $126.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $100.16 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. Bank Of Montreal has a 12-month low of $85.40 and a 12-month high of $142.73.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Thursday, December 4th. The bank reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.20. Bank Of Montreal had a net margin of 11.13% and a return on equity of 11.76%. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter last year, the firm earned $1.90 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts anticipate 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 large investors have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new position in Bank Of Montreal during the third quarter worth $28,000. Larson Financial Group LLC lifted its stake in shares of Bank Of Montreal by 466.7% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after buying an additional 196 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Bank Of Montreal during the 2nd quarter worth about $28,000. Flagship Harbor Advisors LLC bought a new stake in shares of Bank Of Montreal during the 4th quarter worth about $34,000. Finally, Sunbelt Securities Inc. acquired a new position in Bank Of Montreal in the 3rd quarter valued at about $42,000. Institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Company Profile

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.