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Banco Macro SA (NYSE:BMA)’s share price hit a new 52-week high during mid-day trading on Wednesday , American Banking News.com reports. The company traded as high as $38.26 and last traded at $37.60, with a volume of 269,905 shares changing hands. The stock had previously closed at $34.99.

A number of research firms have recently commented on BMA. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Banco Macro SA in a research note on Wednesday, June 11th. They now have a $38.00 price target on the stock, up previously from $28.00. Separately, analysts at Zacks downgraded shares of Banco Macro SA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 20th. They now have a $35.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Banco Macro SA from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 27th. They now have a $27.60 price target on the stock.

The stock has a 50-day moving average of $32.42 and a 200-day moving average of $26.9. The company has a market cap of $2.199 billion and a P/E ratio of 5.25.

Banco Macro SA (NYSE:BMA) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $2.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.68 by $0.85. On average, analysts predict that Banco Macro SA will post $6.89 earnings per share for the current fiscal year.

Banco Macro SA (NYSE:BMA) is an Argentina-based bank.

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