Bank of Montreal (BMO) Stock Forecast & Price Target

$92.67

+1.47 (+1.61%)

(As of 10/11/2024 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
29.22% 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 29.22% from the current price of $92.67.

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BMO Analyst Ratings Over Time

Type	Current Forecast 10/13/23 to 10/12/24	1 Month Ago 9/13/23 to 9/12/24	3 Months Ago 7/15/23 to 7/14/24	1 Year Ago 10/13/22 to 10/13/23
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)	3 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	29.22% Upside	40.64% Upside	47.16% Upside	62.65% 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	2.48	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	29.22% Upside	12.51% Upside	6.86% Upside
News Sentiment Rating	Neutral 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 Saturday at 04:23 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 Monday, October 7, 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 current stock price is relatively stable, providing a consistent investment opportunity.
Bank of Montreal has a strong presence in North America, offering diversified financial services through various segments.
The company has a history of paying dividends, providing potential income for investors.
Bank of Montreal's return on equity of 11.23% indicates efficient use of shareholder funds.
Despite recent rating adjustments, Bank of Montreal maintains an average rating of "Hold" with a target price of $119.75, suggesting potential upside.

Bank of Montreal
Bear Case

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

Recent downgrades in ratings from various financial institutions may signal potential challenges or uncertainties ahead.
Bank of Montreal's revenue was slightly below analysts' expectations in the latest quarterly report, indicating possible growth concerns.
The company's payout ratio of 76.25% raises questions about the sustainability of its dividend payments in the long term.
Bank of Montreal's stock price has experienced fluctuations, potentially leading to volatility in investment returns.
With a P/E ratio of 15.15 and a PEG ratio of 2.48, the stock may be considered slightly overvalued compared to industry peers.

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 29.22% 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, and TD Securities 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 2.48. Learn more on how BMO compares to other companies.

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This page (NYSE:BMO) was last updated on 10/12/2024 by MarketBeat.com Staff

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