At the time of writing, Bank of Montreal [BMO] stock is trading at $99.58, up 4.53%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BMO shares have gain 4.87% over the last week, with a monthly amount glided 9.08%, 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.
For the past year, the stock price of Bank of Montreal fluctuated between $76.98 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 $99.58 at the most recent close of the market. An investor can expect a potential return of 21.46% based on the average BMO price forecast.
Analyzing the BMO fundamentals
According to Bank of Montreal [NYSE:BMO], the company’s sales were 57.10B for trailing twelve months, which represents an 11.70% jump. Gross Profit Margin for this corporation currently stands at 1.02% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.08 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.06.
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 93.35 points at the first support level, and at 87.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 102.94, and for the 2nd resistance point, it is at 106.29.
Ratios To Look Out For
It is important to note that Bank of Montreal [NYSE:BMO] has a current ratio of 0.57. Considering the valuation of this stock, the price to sales ratio is 1.27, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 15.69.
