Shares of Banco Macro SA (NYSE:BMA) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $76.83.
Several research firms have recently weighed in on BMA. JPMorgan Chase & Co. cut Banco Macro SA from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 16th. Zacks Investment Research upgraded Banco Macro SA from a “sell” rating to a “hold” rating in a research note on Tuesday, January 17th.
Banco Macro SA (NYSE:BMA) opened at 82.84 on Monday. Banco Macro SA has a 52 week low of $56.87 and a 52 week high of $87.00. The company has a market cap of $4.84 billion, a P/E ratio of 11.57 and a beta of 1.45. The firm has a 50-day moving average price of $80.65 and a 200 day moving average price of $75.10.
Several hedge funds and other institutional investors have recently bought and sold shares of BMA. Fis Group Inc. boosted its position in Banco Macro SA by 0.3% in the third quarter. Fis Group Inc. now owns 7,847 shares of the company’s stock valued at $612,000 after buying an additional 20 shares in the last quarter. World Asset Management Inc boosted its position in Banco Macro SA by 8.1% in the third quarter. World Asset Management Inc now owns 3,835 shares of the company’s stock valued at $300,000 after buying an additional 286 shares in the last quarter. Comerica Bank boosted its position in Banco Macro SA by 0.4% in the fourth quarter. Comerica Bank now owns 81,997 shares of the company’s stock valued at $5,990,000 after buying an additional 363 shares in the last quarter. FIL Ltd boosted its position in Banco Macro SA by 0.7% in the fourth quarter. FIL Ltd now owns 62,473 shares of the company’s stock valued at $4,021,000 after buying an additional 436 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in Banco Macro SA by 13.0% in the third quarter. Eqis Capital Management Inc. now owns 6,094 shares of the company’s stock valued at $477,000 after buying an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 19.65% of the company’s stock.
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Banco Macro SA 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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