Press coverage about Macro Bank (NYSE:BMA) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Macro Bank earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.3085588241747 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Morning News Call – India, November 14 (markets.businessinsider.com)
- Rising Oil Portends Long Pause as India Prepares for Rate Review (bloomberg.com)
- Here’s why Poloz is fixated on Canada’s youth labour force (gulf-times.com)
- Macro Bank (BMA) versus Its Peers Head-To-Head Survey (americanbankingnews.com)
- ETFs with exposure to Banco Macro SA : November 9, 2017 (finance.yahoo.com)
Macro Bank (BMA) opened at $97.61 on Wednesday. Macro Bank has a 12-month low of $61.12 and a 12-month high of $136.10. The company has a market cap of $7,505.61, a PE ratio of 14.57, a PEG ratio of 2.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.24 and a quick ratio of 1.24.
BMA has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Macro Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine cut shares of Macro Bank from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Santander lowered shares of Macro Bank from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 target price on the stock. in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $116.35.
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Macro Bank Company Profile
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.
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