Analysts rate Bank of Montreal stock with a consensus Buy rating and a 12-month average target price of $156.45 per share.
CIBC Capital Market maintained Bank of Montreal with a Hold rating, and lowered the target to $150 from $156 on the company’s stock.
Based on the Bank of Montreal stock forecasts from 12 analysts, the average analyst target price for Bank of Montreal is CAD 156.45 over the next 12 months. Bank of Montreal’s average analyst rating is Buy. Stock Target Advisor’s own stock analysis of Bank of Montreal is Slightly Bearish, which is based on 4 positive signals and 7 negative signals. At the last closing, the Bank of Montreal’s stock price was CAD 144.95. Bank of Montreal’s stock price has changed by -1.43% over the past week, -1.71% over the past month and +26.16% over the last year.
Located mostly in North America, the Bank of Montreal offers a wide range of financial services. In Canada and the United States, it has around 900 bank locations and 3,300 automated banking machines. The Bank of Montreal was established in 1817 and is based in Montreal, Quebec, Canada.
What we like:
Superior risk-adjusted returns
This stock has performed well, on a risk-adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on a total return basis, for investors seeking high-income yields.
The company is less leveraged than its peers and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
What we don’t like:
The total returns for this company are volatile and above the median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Poor return on equity
The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Negative cash flow
The company had negative total cash flow in the most recent four quarters.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
Low Dividend Growth
This stock has shown below median dividend growth in the previous 5 years compared to its sector.