Recent extremely meaningful positive changes in investment behavior have benefitted Bank of Montreal (NYSE: BMO): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent meaningful positive changes in fundamentals have benefitted Bank of Montreal (NYSE: BMO): significant quarterly earnings acceleration occurred, and the consensus estimate for October, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BMO is expected to continue to be an important Value Builder.
Bank of Montreal has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Bank of Montreal has a neutral Power Rating of 55 but a good Appreciation Score of 84, resulting in the Positive Value Trend Rating.
Recent Price Action
Bank of Montreal (NYSE: BMO) stock declined modestly by -1.1% on 1/3/24. The stock closed at $96.86. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -1.4% during the last week.
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