A share price of Bank of Montreal [BMO] is currently trading at $90.77, up 1.48%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BMO shares have gain 2.22% over the last week, with a monthly amount glided 8.97%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bank of Montreal [NYSE: BMO] stock has seen the most recent analyst activity on August 28, 2024, when Scotiabank downgraded its rating to a Sector Perform. Previously, BofA Securities downgraded its rating to Neutral on August 28, 2024. On August 27, 2024, downgrade downgraded it’s rating to Hold. Jefferies downgraded its rating to a Hold. RBC Capital Mkts downgraded its rating to a Sector Perform. In a note dated June 03, 2024, Keefe Bruyette downgraded an Mkt Perform rating on this stock.
Bank of Montreal experienced fluctuations in its stock price throughout the past year between $73.98 and $100.12. Currently, Wall Street analysts expect the stock to reach $120.95 within the next 12 months. Bank of Montreal [NYSE: BMO] shares were valued at $90.77 at the most recent close of the market. An investor can expect a potential return of 33.25% based on the average BMO price forecast.
Analyzing the BMO fundamentals
Trailing Twelve Months sales for Bank of Montreal [NYSE:BMO] were 57.10B which represents 11.70% growth. Gross Profit Margin for this corporation currently stands at 1.26% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.08 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.98.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 90.03 points at the first support level, and at 89.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.38, and for the 2nd resistance point, it is at 92.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bank of Montreal [NYSE:BMO] is 0.57. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 14.30.
