Analysts Set Banco Macro SA ADR Class B (BMA) PT at $108.85

Shares of Banco Macro SA ADR Class B (NYSE:BMA) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $108.85.

Several equities analysts have commented on BMA shares. Zacks Investment Research downgraded Banco Macro SA ADR Class B from a “hold” rating to a “strong sell” rating in a research report on Monday, June 18th. ValuEngine cut Banco Macro SA ADR Class B from a “sell” rating to a “strong sell” rating in a research note on Friday, June 1st. Santander upgraded Banco Macro SA ADR Class B from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Finally, JPMorgan Chase & Co. upgraded Banco Macro SA ADR Class B from a “neutral” rating to an “overweight” rating and set a $104.00 price objective for the company in a research note on Wednesday, May 9th.

A number of large investors have recently made changes to their positions in BMA. BlackRock Inc. increased its position in Banco Macro SA ADR Class B by 205.4% during the 1st quarter. BlackRock Inc. now owns 1,296,811 shares of the bank’s stock valued at $140,017,000 after buying an additional 872,119 shares in the last quarter. TT International increased its position in Banco Macro SA ADR Class B by 243.5% during the 1st quarter. TT International now owns 612,713 shares of the bank’s stock valued at $66,154,000 after buying an additional 434,333 shares in the last quarter. Bienville Capital Management LLC acquired a new position in Banco Macro SA ADR Class B during the 2nd quarter valued at about $7,944,000. Brown Advisory Inc. acquired a new position in Banco Macro SA ADR Class B during the 2nd quarter valued at about $5,666,000. Finally, Employees Retirement System of Texas acquired a new position in Banco Macro SA ADR Class B during the 1st quarter valued at about $8,594,000. 28.43% of the stock is currently owned by institutional investors.

Banco Macro SA ADR Class B stock traded down $4.60 during mid-day trading on Tuesday, hitting $51.44. The company’s stock had a trading volume of 612,412 shares, compared to its average volume of 218,855. The company has a market capitalization of $3.69 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.43 and a beta of 1.31. The company has a quick ratio of 1.26, a current ratio of 1.24 and a debt-to-equity ratio of 0.16. Banco Macro SA ADR Class B has a one year low of $50.75 and a one year high of $136.10.

Banco Macro SA ADR Class B (NYSE:BMA) last announced its quarterly earnings data on Tuesday, May 15th. The bank reported $2.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.20. The company had revenue of $455.75 million for the quarter. Banco Macro SA ADR Class B had a return on equity of 25.82% and a net margin of 24.73%. research analysts anticipate that Banco Macro SA ADR Class B will post 9.43 earnings per share for the current year.

About Banco Macro SA ADR Class B

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.

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Analyst Recommendations for Banco Macro SA ADR Class B (NYSE:BMA)

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