Bank Of Montreal (NYSE:BMO) Stock Rating Lowered by Barclays

Bank Of Montreal (NYSE:BMO) (TSE:BMO) was downgraded by analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Friday, MarketBeat.com reports.

BMO has been the subject of several other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank Of Montreal in a report on Monday, December 29th. Raymond James Financial raised shares of Bank Of Montreal from a “market perform” rating to an “outperform” rating in a research report on Friday, February 13th. Zacks Research upgraded shares of Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. TD Securities raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Stock Performance

Shares of BMO opened at $133.85 on Friday. Bank Of Montreal has a 12 month low of $85.40 and a 12 month high of $149.01. The stock has a fifty day moving average price of $140.27 and a 200-day moving average price of $131.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The firm has a market cap of $94.53 billion, a PE ratio of 15.55, a P/E/G ratio of 0.92 and a beta of 0.92.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, February 25th. The bank reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.16. Bank Of Montreal had a return on equity of 12.16% and a net margin of 11.76%.The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the business earned $3.04 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict 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 bought and sold shares of the business. True Wealth Design LLC purchased a new position in Bank Of Montreal during the 3rd quarter worth approximately $28,000. WFA of San Diego LLC purchased a new stake in shares of Bank Of Montreal in the 2nd quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Bank Of Montreal in the fourth quarter worth $29,000. Larson Financial Group LLC increased its stake in shares of Bank Of Montreal by 466.7% in the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after acquiring an additional 196 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Bank Of Montreal during the fourth quarter worth $34,000. Institutional investors and hedge funds 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.