Bank Of Montreal's (BMO) "Buy (B)" Rating Reaffirmed at Weiss Ratings

Key Points

• The Bank of Montreal (BMO) has had its "Buy (B)" rating reaffirmed by Weiss Ratings, indicating continued confidence in the stock's performance.
• Despite the positive rating from Weiss, other analysts have mixed views, with Royal Bank of Canada downgrading BMO from "outperform" to "sector perform" and lowering the target price to $163.00.
• Currently, BMO has a consensus rating of "Moderate Buy" among analysts, with a target price of $163.00 and recent earnings outperforming expectations with an EPS of $2.33.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO's stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

BMO has been the subject of a number of other reports. Royal Bank Of Canada cut Bank Of Montreal from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $168.00 to $163.00 in a report on Friday, October 3rd. Wall Street Zen cut Bank Of Montreal from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Cibc World Mkts raised Bank Of Montreal from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. National Bankshares reaffirmed an "outperform" rating on shares of Bank Of Montreal in a report on Friday, August 15th. Finally, CIBC raised Bank Of Montreal from a "neutral" rating to a "sector outperform" rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Bank Of Montreal presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.00.

Bank Of Montreal Price Performance

Shares of BMO traded up $0.61 during mid-day trading on Friday, reaching $126.55. The company had a trading volume of 302,440 shares, compared to its average volume of 659,725. Bank Of Montreal has a twelve month low of $85.40 and a twelve month 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's 50-day moving average is $124.80 and its 200-day moving average is $111.98. The company has a market capitalization of $90.46 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.28 and a beta of 1.03.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last issued its earnings results on Tuesday, August 26th. The bank reported $2.33 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $8.84 billion. During the same period in the prior year, the firm posted $2.64 EPS. Bank Of Montreal's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Bank Of Montreal will post 7.71 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ascent Group LLC boosted its position in Bank Of Montreal by 3.5% in the 2nd quarter. Ascent Group LLC now owns 2,756 shares of the bank's stock valued at $305,000 after buying an additional 92 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in Bank Of Montreal by 40.0% during the second quarter. Princeton Global Asset Management LLC now owns 350 shares of the bank's stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in Bank Of Montreal by 4.5% during 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 in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Bank Of Montreal by 3.7% during 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 in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Bank Of Montreal by 2.6% during the first 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 currently owned by institutional investors.

About Bank Of Montreal

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.

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