Banco Macro (BMA) Lowered to “Buy” at ValuEngine
ValuEngine lowered shares of Banco Macro (NYSE:BMA) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.
A number of other research analysts also recently weighed in on BMA. Zacks Investment Research upgraded Banco Macro from a sell rating to a hold rating in a report on Tuesday. HSBC upgraded Banco Macro from a hold rating to a buy rating in a research note on Monday, February 26th. UBS Group downgraded Banco Macro from an outperform rating to a market perform rating in a research note on Friday, November 24th. Finally, Santander upgraded Banco Macro from an underperform rating to a hold rating in a research note on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Banco Macro has a consensus rating of Buy and an average target price of $112.35.
Banco Macro (BMA) traded down $3.36 during mid-day trading on Friday, hitting $108.21. The company’s stock had a trading volume of 338,846 shares, compared to its average volume of 271,452. Banco Macro has a 1 year low of $80.37 and a 1 year high of $136.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.24. The stock has a market cap of $7,260.00, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18.
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About Banco Macro
Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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