Banco Macro SA (BMA) Given Average Recommendation of “Hold” by Brokerages

Banco Macro SA (NYSE:BMA) has been given an average recommendation of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $113.70.

Several equities research analysts have recently commented on BMA shares. Zacks Investment Research lowered shares of Banco Macro from a “buy” rating to a “strong sell” rating in a report on Monday. ValuEngine upgraded shares of Banco Macro from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. UBS Group lowered shares of Banco Macro from an “outperform” rating to a “market perform” rating in a report on Friday, November 24th. Finally, Santander upgraded shares of Banco Macro from an “underperform” rating to a “hold” rating in a report on Wednesday, December 6th.

Several large investors have recently bought and sold shares of BMA. Royal Bank of Canada raised its holdings in shares of Banco Macro by 66.6% in the 2nd quarter. Royal Bank of Canada now owns 1,401 shares of the bank’s stock valued at $129,000 after purchasing an additional 560 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Banco Macro by 3,796.7% in the 2nd quarter. Advisor Group Inc. now owns 2,377 shares of the bank’s stock valued at $219,000 after purchasing an additional 2,316 shares in the last quarter. Indiana Trust & Investment Management CO bought a new stake in shares of Banco Macro in the 3rd quarter valued at about $228,000. Tudor Investment Corp ET AL bought a new stake in shares of Banco Macro in the 2nd quarter valued at about $229,000. Finally, Citigroup Inc. raised its holdings in shares of Banco Macro by 30.8% in the 2nd quarter. Citigroup Inc. now owns 3,091 shares of the bank’s stock valued at $285,000 after purchasing an additional 727 shares in the last quarter. Institutional investors and hedge funds own 29.75% of the company’s stock.

Shares of Banco Macro (NYSE BMA) opened at $96.32 on Tuesday. Banco Macro has a twelve month low of $76.34 and a twelve month high of $136.10. The firm has a market cap of $6,500.00, a PE ratio of 15.49, a P/E/G ratio of 1.73 and a beta of 1.23. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.18.

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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.

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