Banco Macro (BMA) Rating Lowered to Buy at ValuEngine
Banco Macro (NYSE:BMA) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other brokerages have also recently commented on BMA. HSBC upgraded Banco Macro from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. UBS Group cut Banco Macro from an “outperform” rating to a “market perform” rating in a research note on Friday, November 24th. Santander upgraded Banco Macro from an “underperform” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Zacks Investment Research cut Banco Macro from a “buy” rating to a “strong sell” rating in a research note on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $112.35.
Banco Macro (NYSE:BMA) opened at $108.21 on Friday. Banco Macro has a 12 month low of $80.37 and a 12 month high of $136.10. The company has a market capitalization of $7,260.00, a price-to-earnings ratio of 15.55, a PEG ratio of 0.76 and a beta of 1.18. The company has a quick ratio of 1.24, a current ratio of 1.26 and a debt-to-equity ratio of 0.18.
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.
Receive News & Ratings for Banco Macro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Macro and related companies with MarketBeat.com's FREE daily email newsletter.