Bank of Montreal (NYSE:BMO) Cut to “Sell” at StockNews.com

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

BMO has been the subject of a number of other reports. TD Securities lowered shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Jefferies Financial Group cut Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Bank of America downgraded shares of Bank of Montreal from a “buy” rating to a “neutral” rating and cut their price target for the company from $134.00 to $117.00 in a report on Wednesday, August 28th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $122.40.

Bank of Montreal Price Performance

Shares of NYSE BMO opened at $98.63 on Tuesday. 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 stock has a fifty day simple moving average of $94.39 and a two-hundred day simple moving average of $88.67. Bank of Montreal has a 1-year low of $76.98 and a 1-year high of $104.63. The firm has a market cap of $71.97 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10.

Institutional Trading of Bank of Montreal

Several large investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Bank of Montreal during the 2nd quarter valued at $34,000. Rothschild Investment LLC purchased a new stake in Bank of Montreal during the 2nd quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Bank of Montreal during the third quarter valued at approximately $45,000. GHP Investment Advisors Inc. lifted its holdings in shares of Bank of Montreal by 244.1% in the third quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock worth $50,000 after buying an additional 393 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Bank of Montreal by 207.8% during the 3rd quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock valued at $56,000 after purchasing an additional 451 shares during the last quarter. Institutional investors own 45.82% of the company’s stock.

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.