Banco Macro (NYSE:BMA) was upgraded by equities researchers at Santander from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, December 6th, The Fly reports.
A number of other equities research analysts have also commented on BMA. Zacks Investment Research lowered Banco Macro from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub upgraded Banco Macro from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine upgraded Banco Macro from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Goldman Sachs Group lowered Banco Macro from a “buy” rating to a “neutral” rating and set a $113.70 price objective for the company. in a research report on Monday, September 11th. Finally, UBS Group lowered Banco Macro from an “outperform” rating to a “market perform” rating in a research report on Friday, November 24th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Banco Macro presently has an average rating of “Buy” and a consensus price target of $112.35.
Shares of Banco Macro (BMA) traded down $0.12 during midday trading on Wednesday, reaching $115.88. The company’s stock had a trading volume of 73,242 shares, compared to its average volume of 219,523. Banco Macro has a 12-month low of $63.22 and a 12-month high of $136.10. The firm has a market cap of $7,639.30, a price-to-earnings ratio of 14.82, a PEG ratio of 2.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.24 and a quick ratio of 1.24.
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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.
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