Financial institution of Montreal (NYSE:BMO – Get Rating) (TSE:BMO) was upgraded by Zacks Investment Research from a “maintain” ranking to a “purchase” ranking in a analysis report issued to shoppers and buyers on Wednesday, Zacks.com reviews. The agency at the moment has a $127.00 value goal on the financial institution’s inventory. Zacks Investment Research‘s goal value signifies a possible upside of 12.05% from the inventory’s present value.
In response to Zacks, “Financial institution of Montreal is without doubt one of the largest banks in North America, can be certainly one of Canada’s oldest banks. The financial institution provides a whole vary of economic companies in our chosen markets on either side of the Canada-United States border. The financial institution provides to all of their shoppers not simply monetary merchandise, however knowledge-based options, custom-made so as to add worth of their monetary affairs. “
A number of different analysis analysts additionally not too long ago commented on BMO. StockNews.com initiated protection on shares of Financial institution of Montreal in a report on Thursday, March 31st. They issued a “maintain” ranking on the inventory. Desjardins boosted their value goal on shares of Financial institution of Montreal from C$157.00 to C$161.00 in a report on Thursday, March third. Nationwide Financial institution Monetary downgraded shares of Financial institution of Montreal from an “outperform” ranking to a “sector carry out” ranking in a report on Monday, March seventh. Stifel Europe boosted their value goal on shares of Financial institution of Montreal from C$170.00 to C$172.00 and gave the inventory a “purchase” ranking in a report on Wednesday, March 2nd. Lastly, Scotiabank raised shares of Financial institution of Montreal from a “sector carry out” ranking to a “sector outperform” ranking and upped their goal value for the corporate from $165.00 to $169.00 in a analysis observe on Wednesday, March 2nd. Three analysis analysts have rated the inventory with a maintain ranking and twelve have given a purchase ranking to the inventory. In response to MarketBeat.com, Financial institution of Montreal at the moment has a consensus ranking of “Purchase” and a consensus value goal of $158.71.
BMO traded down $1.16 throughout buying and selling on Wednesday, hitting $113.34. The inventory had a buying and selling quantity of 671,132 shares, in comparison with its common quantity of 894,424. The agency has a market cap of $76.10 billion, a PE ratio of 10.94, a P/E/G ratio of 1.49 and a beta of 1.20. Financial institution of Montreal has a 12 month low of $88.98 and a 12 month excessive of $122.77. The corporate has a present ratio of zero.96, a fast ratio of zero.96 and a debt-to-equity ratio of zero.16. The corporate has a 50 day easy transferring common of $116.70 and a 200-day easy transferring common of $111.78.
Financial institution of Montreal (NYSE:BMO – Get Rating) (TSE:BMO) final introduced its earnings outcomes on Tuesday, March 1st. The financial institution reported $three.07 EPS for the quarter, topping the consensus estimate of $2.60 by $zero.47. The agency had income of $7.64 billion for the quarter, in comparison with the consensus estimate of $6.67 billion. Financial institution of Montreal had a internet margin of 26.09% and a return on fairness of 17.71%. The enterprise’s quarterly income was up 19.9% on a year-over-year foundation. Throughout the identical quarter final yr, the agency posted $2.38 EPS. As a bunch, sell-side analysts anticipate that Financial institution of Montreal will publish 10.65 earnings per share for the present fiscal yr.
A lot of hedge funds and different institutional buyers have not too long ago added to or diminished their stakes within the enterprise. LPL Monetary LLC grew its place in Financial institution of Montreal by 1.9% through the third quarter. LPL Monetary LLC now owns 55,698 shares of the financial institution’s inventory valued at $5,555,000 after buying an extra 1,058 shares over the last quarter. Van ECK Associates Corp grew its stake in shares of Financial institution of Montreal by 57.2% through the 4th quarter. Van ECK Associates Corp now owns 22,zero12 shares of the financial institution’s inventory valued at $2,372,000 after buying an extra eight,zero09 shares through the interval. Berger Monetary Group Inc lifted its place in shares of Financial institution of Montreal by 7.1% through the 4th quarter. Berger Monetary Group Inc now owns eight,937 shares of the financial institution’s inventory valued at $963,000 after shopping for an extra 591 shares within the final quarter. Scheer Rowlett & Associates Funding Administration Ltd. lifted its place in shares of Financial institution of Montreal by 1.three% through the third quarter. Scheer Rowlett & Associates Funding Administration Ltd. now owns 164,770 shares of the financial institution’s inventory valued at $16,430,000 after shopping for an extra 2,040 shares within the final quarter. Lastly, AGF Investments Inc. lifted its holdings in Financial institution of Montreal by 44.zero% within the third quarter. AGF Investments Inc. now owns 1,159,954 shares of the financial institution’s inventory value $115,803,000 after buying an extra 354,609 shares within the final quarter. 41.52% of the inventory is at the moment owned by institutional buyers and hedge funds.
About Financial institution of Montreal (Get Rating)
Financial institution of Montreal gives diversified monetary companies primarily in North America. The corporate’s private banking services and products embrace checking and financial savings accounts, bank cards, mortgages, and monetary and funding recommendation companies; and business banking services and products comprise enterprise deposit accounts, business bank cards, enterprise loans and business mortgages, money administration options, overseas trade, specialised banking applications, treasury and fee options, and danger administration merchandise for small enterprise and business banking clients.
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