Bank of Montreal (NYSE:BMO) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Bank of Montreal (NYSE:BMO – Get Rating) (TSE:BMO) in a report issued on Thursday. The firm set a “sell” rating on the bank’s stock.

BMO has been the topic of several other reports. Bank Of America (Bofa) lowered shares of Bank of Montreal from a “buy” rating to a “neutral” rating in a research report on Monday, December 12th. Bank of America downgraded shares of Bank of Montreal from a “buy” rating to a “neutral” rating in a research note on Monday, December 12th. BMO Capital Markets reduced their price objective on shares of Bank of Montreal from C$151.00 to C$147.50 in a research note on Thursday, January 19th. Finally, Credit Suisse Group started coverage on shares of Bank of Montreal in a research note on Monday, December 19th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $155.75.

Bank of Montreal Stock Down 2.5 %

BMO stock opened at $85.94 on Thursday. The company’s 50 day simple moving average is $97.19 and its 200-day simple moving average is $94.32. The firm has a market capitalization of $61.00 billion, a PE ratio of 7.01, a P/E/G ratio of 1.69 and a beta of 1.15. Bank of Montreal has a 12 month low of $81.57 and a 12 month high of $122.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98.

Hedge Funds Weigh In On Bank of Montreal

A number of large investors have recently bought and sold shares of the stock. Gulf International Bank UK Ltd raised its stake in Bank of Montreal by 1.6% during the fourth quarter. Gulf International Bank UK Ltd now owns 6,173 shares of the bank’s stock worth $558,000 after purchasing an additional 100 shares during the period. Evergreen Capital Management LLC raised its stake in Bank of Montreal by 3.7% during the third quarter. Evergreen Capital Management LLC now owns 3,167 shares of the bank’s stock worth $278,000 after purchasing an additional 114 shares during the period. Vident Investment Advisory LLC raised its stake in Bank of Montreal by 1.7% during the first quarter. Vident Investment Advisory LLC now owns 7,472 shares of the bank’s stock worth $877,000 after purchasing an additional 122 shares during the period. Pacifica Partners Inc. raised its stake in Bank of Montreal by 16.0% during the third quarter. Pacifica Partners Inc. now owns 893 shares of the bank’s stock worth $79,000 after purchasing an additional 123 shares during the period. Finally, Archford Capital Strategies LLC raised its stake in Bank of Montreal by 3.4% during the third quarter. Archford Capital Strategies LLC now owns 3,938 shares of the bank’s stock worth $345,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 42.78% of the company’s stock.

Bank of Montreal Company Profile

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Bank of Montreal engages in the provision of banking and financial services to individuals and institutions. It operates through the following segments: Canadian Personal and Commercial Banking (Canadian P&C) and United States Personal and Commercial Banking (U.S. P&C). The Canadian P&C segment refers to retail banking and financial operations in Canada.