Bank of Montreal (NYSE: BMO) is -2.34% lower on its value in year-to-date trading and has touched a low of $76.98 and a high of $104.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BMO stock was last observed hovering at around $95.71 in the last trading session, with the day’s gains setting it 0.91%.
Currently trading at $96.62, the stock is -0.80% and 2.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing 0.95% at the moment leaves the stock 6.92% off its SMA200. BMO registered 0.53% gain for a year compared to 6-month gain of 15.34%. The firm has a 50-day simple moving average (SMA 50) of $94.7004 and a 200-day simple moving average (SMA200) of $90.3657.
The stock witnessed a 2.69% loss in the last 1 month and extending the period to 3 months gives it a 7.46%, and is -2.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.44% over the week and 1.87% over the month.
Bank of Montreal (BMO) has around 53597 employees, a market worth around $70.50B and $58.01B in sales. Current P/E ratio is 13.84 and Fwd P/E is 10.60. Profit margin for the company is 8.77%. Distance from 52-week low is 25.51% and -7.66% from its 52-week high. The company has generated returns on investments over the last 12 months (5.72%).
with sales reaching $8.56B over the same period.The EPS is expected to grow by 11.51% this year, but quarterly earnings will post 5.61% year-over-year. Quarterly sales are estimated to grow 11.54% in year-over-year returns.
772.0 institutions hold shares in Bank of Montreal (BMO), with institutional investors hold 53.41% of the company’s shares. The shares outstanding are 729.53M, and float is at 729.39M with Short Float at 1.35%. Institutions hold 53.39% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 57.77 million shares valued at $4.84 billion. The investor’s holdings represent 7.9319 of the BMO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 29.32 million shares valued at $2.46 billion to account for 4.0261 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 27.34 million shares representing 3.7531 and valued at over $2.32 billion, while TD ASSET MANAGEMENT INC holds 2.5692 of the shares totaling 18.71 million with a market value of $1.57 billion.
