Bank of Montreal (BMO) Stock Forecast & Price Target

$90.54

-0.23 (-0.25%)

(As of 02:57 PM ET)

Bank of Montreal - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 10 Analyst Ratings

Sell
0

Hold
8

Buy
2

Based on 10 Wall Street analysts who have issued ratings for Bank of Montreal in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 8 have given a hold rating, and 2 have given a buy rating for BMO.

Consensus Price Target

$119.75
32.57% Upside

According to the 10 analysts' twelve-month price targets for Bank of Montreal, the average price target is $119.75. The highest price target for BMO is $126.00, while the lowest price target for BMO is $112.00. The average price target represents a forecasted upside of 32.57% from the current price of $90.54.

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BMO Analyst Ratings Over Time

Type	Current Forecast 9/28/23 to 9/27/24	1 Month Ago 8/29/23 to 8/28/24	3 Months Ago 6/30/23 to 6/29/24	1 Year Ago 9/28/22 to 9/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$119.75	$119.75	$127.50	$131.00
Forecasted Upside	32.57% Upside	46.21% Upside	52.06% Upside	54.10% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

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BMO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BMO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bank of Montreal Stock vs. The Competition

Type	Bank of Montreal	Finance Companies	S&P 500
Consensus Rating Score	2.20	2.46	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	31.97% Upside	12.21% Upside	5.87% Upside
News Sentiment Rating	Positive News See Recent BMO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/28/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$132.00 ➝ $126.00	+54.26%
8/28/2024	Bank of America 4 of 5 stars		Downgrade	Buy ➝ Neutral	$134.00 ➝ $117.00	+40.46%
8/28/2024	Scotiabank 5 of 5 stars	M. Grauman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Outperform ➝ Sector Perform	$123.00 ➝ $112.00	+34.45%
8/27/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Mendonca Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
8/27/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mihelic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
7/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
6/3/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Rizvanovic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$137.00 ➝ $124.00	+39.15%
5/29/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
12/20/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
1/19/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$151.00 ➝ C$147.50
12/19/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
12/12/2022	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:19 PM ET.

Should I Buy Bank of Montreal Stock? BMO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Bank of Montreal pros and cons to contact@marketbeat.com.

Bank of Montreal
Bull Case

Here are some ways that investors could benefit from investing in Bank of Montreal:

Bank of Montreal's stock price has shown resilience, currently trading at a lower level, potentially presenting a buying opportunity for investors.
Bank of Montreal has a consistent track record of paying dividends, offering investors a steady income stream.
The bank's diversified financial services across North America provide stability and potential growth opportunities.
Bank of Montreal's recent quarterly earnings report showed a positive net margin and return on equity, indicating strong financial performance.
Analysts have issued a mix of hold and buy ratings for Bank of Montreal, suggesting confidence in the company's future prospects.

Bank of Montreal
Bear Case

Investors should be bearish about investing in Bank of Montreal for these reasons:

Bank of Montreal's stock has experienced a downgrade in ratings from various analysts, indicating potential challenges ahead.
The bank recently lowered its dividend payout, which may deter income-focused investors.
Market analysts have adjusted price targets for Bank of Montreal downwards, signaling a cautious outlook on the stock.
Bank of Montreal's stock has been trading below its 50-day and 200-day moving averages, indicating a bearish trend in the short to medium term.
The bank's recent earnings report missed consensus estimates, raising concerns about its financial performance and growth prospects.

BMO Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Montreal is $119.75, with a high forecast of $126.00 and a low forecast of $112.00.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMO, but not buy additional shares or sell existing shares.
: According to analysts, Bank of Montreal's stock has a predicted upside of 32.26% based on their 12-month stock forecasts.
: Over the previous 90 days, Bank of Montreal's stock had 5 downgrades by analysts.
: Bank of Montreal has been rated by research analysts at Bank of America, Barclays, Jefferies Financial Group, Royal Bank of Canada, Scotiabank, TD Securities, and UBS Group in the past 90 days.
: Analysts like Bank of Montreal less than other "finance" companies. The consensus rating score for Bank of Montreal is 2.20 while the average consensus rating score for "finance" companies is 2.46. Learn more on how BMO compares to other companies.

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This page (NYSE:BMO) was last updated on 9/27/2024 by MarketBeat.com Staff

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