Bank Of Montreal (NYSE:BMO) Earns “Buy (B)” Rating from Weiss Ratings

Bank Of Montreal (NYSE:BMO) (TSE:BMO)‘s stock had its “buy (b)” rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently issued reports on BMO. Royal Bank Of Canada downgraded Bank Of Montreal from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $168.00 to $163.00 in a report on Friday, October 3rd. Cowen reaffirmed a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Wall Street Zen downgraded shares of Bank Of Montreal from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. CIBC upgraded shares of Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, September 5th. Finally, Cibc World Mkts upgraded shares of Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Trading Down 0.6%

NYSE BMO opened at $126.38 on Wednesday. Bank Of Montreal has a 1 year low of $85.40 and a 1 year high of $131.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $90.35 billion, a PE ratio of 15.47, a P/E/G ratio of 1.29 and a beta of 1.03. The company has a fifty day moving average of $122.13 and a 200 day moving average of $109.84.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Tuesday, August 26th. The bank reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.21. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $8.84 billion. During the same quarter last year, the business posted $2.64 EPS. The company’s revenue was up 9.7% on a year-over-year basis. Research analysts forecast that Bank Of Montreal will post 7.71 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ascent Group LLC raised its position in Bank Of Montreal by 3.5% in the second quarter. Ascent Group LLC now owns 2,756 shares of the bank’s stock valued at $305,000 after purchasing an additional 92 shares during the period. Princeton Global Asset Management LLC raised its position in Bank Of Montreal by 40.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 350 shares of the bank’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in Bank Of Montreal by 4.5% in the second quarter. Focus Partners Advisor Solutions LLC now owns 2,616 shares of the bank’s stock worth $289,000 after acquiring an additional 112 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Bank Of Montreal by 3.7% in the second quarter. J.W. Cole Advisors Inc. now owns 3,283 shares of the bank’s stock worth $363,000 after acquiring an additional 117 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Bank Of Montreal by 2.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the bank’s stock worth $451,000 after acquiring an additional 120 shares in the last quarter. 45.82% of the stock is owned by hedge funds and other institutional investors.

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.