Bank of Montreal (NYSE:BMO) Upgraded to “Hold” at StockNews.com

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

A number of other equities research analysts have also recently issued reports on BMO. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $133.00 to $161.00 in a research note on Wednesday, January 8th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Finally, CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. Seven investment 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 company’s stock. Based on data from MarketBeat.com, Bank of Montreal has a consensus rating of “Moderate Buy” and an average target price of $128.00.

Bank of Montreal Stock Up 0.3 %

Shares of Bank of Montreal stock traded up $0.32 on Tuesday, reaching $99.68. 663,145 shares of the company were exchanged, compared to its average volume of 566,868. Bank of Montreal has a one year low of $76.98 and a one year high of $104.63. The company has a market capitalization of $72.76 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.40 and a beta of 1.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $98.44 and a 200 day moving average of $92.27.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Passumpsic Savings Bank grew its holdings in Bank of Montreal by 2.1% in the 3rd quarter. Passumpsic Savings Bank now owns 5,142 shares of the bank’s stock valued at $464,000 after buying an additional 105 shares in the last quarter. D.A. Davidson & CO. grew its holdings in 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 buying an additional 113 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in Bank of Montreal by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,865 shares of the bank’s stock valued at $278,000 after buying an additional 125 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in Bank of Montreal by 2.0% in the 4th quarter. Wealthspire Advisors LLC now owns 6,355 shares of the bank’s stock valued at $617,000 after buying an additional 125 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in Bank of Montreal by 4.6% in the 4th quarter. Caprock Group LLC now owns 3,185 shares of the bank’s stock valued at $309,000 after buying an additional 139 shares in the last quarter. 45.82% of the stock is owned by institutional investors and hedge funds.

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.