Bank of Montreal (TSE:BMO) Raised to “Moderate Buy” at Raymond James Financial

Bank of Montreal (TSE:BMO) (NYSE:BMO) was upgraded by stock analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other analysts also recently issued reports on BMO. Canaccord Genuity Group raised their target price on Bank of Montreal from C$201.00 to C$218.00 and gave the stock a “buy” rating in a research note on Thursday. Natl Bk Canada downgraded shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Desjardins increased their price target on shares of Bank of Montreal from C$189.00 to C$195.00 and gave the company a “hold” rating in a research note on Monday, February 9th. Bank of America raised their price target on shares of Bank of Montreal from C$179.00 to C$183.00 in a report on Friday, December 5th. Finally, TD Securities raised their target price on Bank of Montreal from C$209.00 to C$219.00 in a research note on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Bank of Montreal currently has an average rating of “Hold” and an average price target of C$189.17.

Bank of Montreal Price Performance

BMO opened at C$192.17 on Friday. The firm has a market capitalization of C$136.23 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. The company’s 50 day simple moving average is C$184.86 and its two-hundred day simple moving average is C$176.08. Bank of Montreal has a 1-year low of C$121.31 and a 1-year high of C$198.68.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings results on Thursday, December 4th. The bank reported C$3.28 EPS for the quarter. Bank of Montreal had a return on equity of 9.04% and a net margin of 13.57%.The firm had revenue of C$9.34 billion during the quarter. On average, equities analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.

About Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.