Bank of Montreal (NYSE:BMO) Upgraded at 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 report released on Monday.

BMO has been the subject of a number of other reports. Jefferies Financial Group downgraded Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Bank of America cut Bank of Montreal from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $134.00 to $117.00 in a research note on Wednesday, August 28th. Barclays reduced their price objective on Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday. Finally, CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $122.40.

Bank of Montreal Trading Down 2.5 %

BMO traded down $2.58 on Monday, hitting $100.81. The company had a trading volume of 996,082 shares, compared to its average volume of 898,350. The firm has a market cap of $73.55 billion, a P/E ratio of 14.44, a PEG ratio of 2.88 and a beta of 1.10. 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’s fifty day moving average price is $93.54 and its 200 day moving average price is $88.41. Bank of Montreal has a 1 year low of $76.98 and a 1 year high of $104.63.

Institutional Trading of Bank of Montreal

Several large investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Bank of Montreal during the second quarter valued at $34,000. Rothschild Investment LLC purchased a new position in shares of Bank of Montreal in the 2nd quarter worth about $40,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Bank of Montreal in the 3rd quarter worth about $45,000. GHP Investment Advisors Inc. raised its holdings in shares of Bank of Montreal by 244.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock worth $50,000 after purchasing an additional 393 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of 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 period. Institutional investors and hedge funds own 45.82% of the company’s stock.

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.