Shares of Banco Macro SA ADR (NYSE:BMA) hit a new 52-week high on Tuesday . The stock traded as high as $75.96 and last traded at $75.88, with a volume of 3749 shares trading hands. The stock had previously closed at $74.00.

Several brokerages have weighed in on BMA. Zacks Investment Research downgraded First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Santander upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. HSBC downgraded Banco Macro from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th. ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. Finally, TheStreet raised SUMMIT THERAPEU/S from a “d” rating to a “c-” rating in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Banco Macro currently has an average rating of “Hold” and a consensus target price of $52.00.

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.94 and a quick ratio of 1.08. The firm’s fifty day moving average is $62.79. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 9.45 and a beta of 0.65.

Banco Macro (NYSE:BMA) last posted its quarterly earnings results on Thursday, May 9th. The bank reported $2.65 EPS for the quarter, beating the consensus estimate of $2.03 by $0.62. The business had revenue of $423.75 million during the quarter. Banco Macro had a return on equity of 31.08% and a net margin of 21.82%. On average, research analysts anticipate that Banco Macro SA ADR will post 8.25 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of BMA. Icon Wealth Partners LLC acquired a new stake in shares of Banco Macro in the 1st quarter valued at approximately $41,000. NumerixS Investment Technologies Inc acquired a new position in Banco Macro during the fourth quarter worth $94,000. Marshall Wace LLP acquired a new position in Banco Macro during the first quarter worth $98,000. Comerica Bank acquired a new position in Banco Macro during the fourth quarter worth $219,000. Finally, Marshall Wace North America L.P. acquired a new position in Banco Macro during the first quarter worth $238,000. 23.66% of the stock is owned by institutional investors and hedge funds.

Banco Macro Company Profile (NYSE:BMA)

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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