BMO NASDAQ 100 Equity (ZQQ:TSX) STA Research assigned a Speculative Buy rating, $110 target

STA Research
by: STA Research

BMO NASDAQ 100 Equity (CAD Hedged) Stock Analysis:

Based on the BMO NASDAQ 100 Equity (CAD Hedged) stock forecasts from 1 analysts, the average analyst target price for BMO NASDAQ 100 Equity (CAD Hedged) is $110 over the next 12 months. BMO NASDAQ 100 Equity (CAD Hedged)’s average analyst rating is Speculative . Stock Target Advisor’s own stock analysis of BMO NASDAQ 100 Equity (CAD Hedged) is Slightly Bearish, which is based on 1 positive signals and 2 negative signals. At the last closing, BMO NASDAQ 100 Equity (CAD Hedged)’s stock price was CAD 89.18BMO NASDAQ 100 Equity (CAD Hedged)’s stock price has changed by +3.40% over the past week, +2.21% over the past month and -18.62% over the last year.

What we like:

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 total return basis , for investors seeking high income yields.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

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