Bank of Montreal (NYSE: BMO) has reported earnings for its first fiscal quarter (ending January 31) of $1.73 versus $0.14 for the same period a year ago — an increase of 1136%. Relative to the consensus estimate of $2.05, this was a shortfall of $-0.32. For the latest four quarters through January 31, E.P.S. were $7.07 compared to $15.77 a year ago — a decline of -55%.
Recent Price Action
Bank of Montreal (NYSE: BMO) stock declined by -3.7% on 2/27/24. The shares closed at $90.39. Moreover, exceptionally high trading volume at 246% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -4.0% during the last week.
Current PriceTarget Research Rating
BMO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Bank of Montreal has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Bank of Montreal has a good Power Rating of 71 and a good Appreciation Score of 85, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment