Bank of Montreal (NYSE:BMO) price on Friday, May 23, rose 0.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $103.94.
A look at the stock’s price movement, the close in the last trading session was $103.64. The PE ratio in trailing twelve months stood at 13.50. Turning to its 52-week performance, $106.00 and $76.98 were the 52-week high and 52-week low respectively. Overall, BMO moved 8.92% over the past month.
Bank of Montreal’s market cap currently stands at around $75.75 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 4.49, with its dividend yield at 4.32%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BMO is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 6 recommend BMO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0.95, with BMO’s current price about 3.81% and 7.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 75.70, while 7-day volatility ratio is 0.20% and 0.57% in the 30-day chart. Further, Bank of Montreal (BMO) has a beta value of 1.07, and an average true range (ATR) of 1.46. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $50 and high of $50. Looking at the price targets, the low is 51.9% off current price level while to achieve the yearly target high, price needs to move 51.9%. Nonetheless, investors will most likely welcome a 51.9% jump to $50 which is the analysts’ median price.
If we refocus on Bank of Montreal (NYSE:BMO), historical trading data shows that trading volumes averaged 721.87K over the past 3 months. The company’s latest data on shares outstanding shows there are 728.76 million shares.
The 0.06% of Bank of Montreal’s shares are in the hands of company insiders while institutional holders own 49.27% of the company’s shares. Current price change has pushed the stock 7.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BMO stock continues to rise going into the next quarter.
