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

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

A number of other brokerages have also commented on BMO. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $133.00 to $161.00 in a research report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.00.

Bank of Montreal Trading Down 1.0 %

NYSE BMO opened at $98.66 on Tuesday. The stock has a market cap of $72.02 billion, a P/E ratio of 14.13, a PEG ratio of 1.40 and a beta of 1.09. The company’s fifty day simple moving average is $98.53 and its 200-day simple moving average is $92.36. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $104.63.

Institutional Investors Weigh In On Bank of Montreal

Several institutional investors and hedge funds have recently made changes to their positions in BMO. Cetera Investment Advisers boosted its stake in Bank of Montreal by 11.5% in the second quarter. Cetera Investment Advisers now owns 19,140 shares of the bank’s stock valued at $1,605,000 after acquiring an additional 1,969 shares during the period. CWM LLC increased its holdings in shares of Bank of Montreal by 54.0% in the 3rd quarter. CWM LLC now owns 1,318 shares of the bank’s stock worth $119,000 after acquiring an additional 462 shares during the period. Creative Planning lifted its position in Bank of Montreal by 16.8% in the 3rd quarter. Creative Planning now owns 34,231 shares of the bank’s stock valued at $3,088,000 after purchasing an additional 4,918 shares during the last quarter. Probity Advisors Inc. boosted its stake in Bank of Montreal by 21.4% during the 3rd quarter. Probity Advisors Inc. now owns 12,876 shares of the bank’s stock valued at $1,161,000 after purchasing an additional 2,273 shares during the period. Finally, Blue Trust Inc. grew its position in Bank of Montreal by 207.8% in the 3rd quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock worth $56,000 after purchasing an additional 451 shares during 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.