Bank of Montreal (NYSE:BMO) Stock Rating Upgraded by StockNews.com

Bank of Montreal (NYSE:BMO) (TSE:BMO) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

A number of other brokerages also recently commented on BMO. Royal Bank of Canada restated a “sector perform” rating and issued a $133.00 target price (up from $106.00) on shares of Bank of Montreal in a research note on Friday, December 6th. TD Securities lowered shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Jefferies Financial Group downgraded shares of Bank of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Scotiabank upgraded shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. Finally, Bank of America lowered Bank of Montreal from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $134.00 to $117.00 in a report on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $122.40.

Bank of Montreal Trading Up 0.0 %

Shares of BMO stock opened at $100.81 on Monday. The firm’s 50 day moving average price is $93.54 and its two-hundred day moving average price is $88.41. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a fifty-two week low of $76.98 and a fifty-two week high of $104.63. The stock has a market cap of $73.55 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.88 and a beta of 1.10.

Institutional Investors Weigh In On Bank of Montreal

A number of hedge funds have recently added to or reduced their stakes in BMO. D.A. Davidson & CO. lifted its stake in shares of Bank of Montreal by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 8,602 shares of the bank’s stock valued at $776,000 after acquiring an additional 113 shares during the last quarter. Signaturefd LLC boosted its holdings in Bank of Montreal by 1.5% in the second quarter. Signaturefd LLC now owns 8,581 shares of the bank’s stock worth $720,000 after acquiring an additional 123 shares in the last quarter. Boltwood Capital Management lifted its stake in shares of Bank of Montreal by 3.1% in the third quarter. Boltwood Capital Management now owns 4,125 shares of the bank’s stock worth $372,000 after buying an additional 125 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Bank of Montreal by 4.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,580 shares of the bank’s stock valued at $300,000 after acquiring an additional 151 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Bank of Montreal by 17.9% during the second quarter. Whittier Trust Co. now owns 1,092 shares of the bank’s stock valued at $92,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds 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.