BMO Capital Markets downgraded the stock of Bank of Montreal (NYSE: BMO).

According to a report published Wednesday by The Fly, equity analysts at BMO Capital Markets changed their recommendation on Bank of Montreal (NYSE:BMO) (TSE:BMO) in a research report released Wednesday from “buy” to “cut”. .” Research on BMO has been conducted and published in several other studies. Credit Suisse Group released a research note on Friday, May 20, revealing that it would begin covering Bank of Montreal. They gave the stock an “outperform” rating to reflect their expectations for its future performance. Desjardins gave the company a “buy” rating in a May 27 research note and lowered its price target on Bank of Montreal from C$159.00 to C$155.00 in a research note. research published on May 27. The note was released on Friday. The company also received a “buy” recommendation in the rating. Stifel Europe’s price target for Bank of Montreal has risen from C$157.00 to C$160.00, as reported in a research note published on May 26. TD Securities cut its price target for Bank of Montreal from C$160.00 to C$155.00 and changed its rating for the company from ‘buy’ to ‘hold’ in a research report released on Thursday May 26.

Nine analysts have issued a buy recommendation for the stock, two analysts have issued a hold recommendation and one has issued a sell recommendation for the stock. Information provided by Bloomberg indicates that the company is currently ranked as having a consensus rating of “Moderate Buy” and the consensus chosen price target is $161.33. Wednesday marked the first day of trading in Bank of Montreal common stock, and the opening price per share was $94.98. A debt ratio stands at 0.14, a quick ratio which stands at 0.98, a current ratio which stands at 0.98 and a quick ratio which stands at 0.98. The company has a market capitalization of $64.07 billion, a price/earnings ratio of 6.56, a price/earnings/growth ratio of 1.52 and a beta of 1.17. All of these metrics indicate that the stock is relatively expensive. The company’s moving average over the previous two hundred days is $106.49 and the moving average over the previous fifty days is $98.25. Over the past 52 weeks, Bank of Montreal’s stock price has fluctuated between $90.44 and $122.77. Recently, the percentages of hedge fund participation in the company have risen or fallen, depending on the direction of the trend. Great Valley Advisor Group Inc. increased Bank of Montreal’s equity percentage by 2.7% in the first three months of the year. Great Valley Advisor Group Inc. now has 3,716 shares of the bank in its portfolio after purchasing an additional 97 shares during the quarter.

These shares have a total value of $438,000 and contribute to the overall value of the company’s holdings. Wendell David Associates Inc. increased the number of shares held by Bank of Montreal by 4.2% in the first three months of 2018. After making an additional purchase of 100 shares during the relevant period, Wendell David Associates Inc. now owns 2,500 shares of the bank’s capital. shares in his possession, each of which has a value amounting to an amount equivalent to $295,000. Glassman Wealth Services increased its stake in Bank of Montreal by 56.3% in the last three months of 2018. After buying 103 additional shares during the quarter, Glassman Wealth Services now owns 286 shares of the bank. Each share of the bank has an estimated value of $31,000 based on the current market. The former National Bancorp Indiana increased the percentage of Bank of Montreal shares it held by 2.7% in the first three months of the year. The addition of 115 new shares during the last quarter brought the total number of Old National Bancorp IN shares to 4,377, which are now valued at $516,000 thanks to the purchase of additional shares. This results in the issue of 115 additional shares for the benefit of the company. Last but not least, Bay Colony Advisory Group Inc., doing business as Bay Colony Advisors, increased the number of Bank of Montreal shares held by 3.4% during the first quarter.

Following the purchase of 118 additional shares during the quarter, Bay Colony Advisory Group Inc., which does business as Bay Colony Advisors, now owns a total of 3,560 shares of the bank. The stock has a value of $420,000 when considered as a whole. Shares of the company are collectively held by hedge funds and other types of institutional investors at 42.52%. Bank of Montreal’s primary focus in North America is to provide a wide range of financial services. Customers can take advantage of a wide range of personal banking services and products provided by the organization, such as checking and savings accounts, credit cards and mortgages, as well as advice on financial problems and investment opportunities. Commercial banks provide a variety of services and products to companies of different sizes, including cash management solutions, foreign exchange, specialized banking programs, treasury and payment systems, and risk management products. Commercial banks cater to businesses of all kinds. Commercial banking institutions offer a wide variety of financial goods and services, including business deposit accounts, business credit cards, business loans, and business mortgages. Business mortgages fall under the category of other products and services.