Several other analysts have also recently issued reports on BMA. TheStreet cut shares of Banco Macro from a b- rating to a c rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Banco Macro from $57.00 to $61.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Scotiabank initiated coverage on shares of Banco Macro in a research note on Wednesday, August 7th. They set an underperform rating and a $55.00 price objective for the company. HSBC cut shares of Banco Macro from a buy rating to a hold rating in a research note on Wednesday, June 5th. Finally, Zacks Investment Research cut shares of Banco Macro from a buy rating to a hold rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $62.33.
Shares of NYSE BMA opened at $37.28 on Friday. Banco Macro has a 52-week low of $31.00 and a 52-week high of $77.31. The company’s fifty day moving average is $68.72. The stock has a market cap of $5.12 billion, a PE ratio of 4.77 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.94 and a quick ratio of 1.08.
Banco Macro Company Profile
Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.
Further Reading: What is the Coverage Ratio?
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