Banco Macro (NYSE:BMA) Upgraded to “Sell” by ValuEngine
Several other research analysts also recently commented on the company. JPMorgan Chase & Co. raised their price objective on Banco Macro from $57.00 to $61.00 and gave the stock a neutral rating in a report on Monday, July 22nd. Scotiabank assumed coverage on Banco Macro in a report on Wednesday, August 7th. They issued an underperform rating and a $55.00 price target on the stock. HSBC downgraded Banco Macro from a buy rating to a hold rating in a report on Wednesday, June 5th. TheStreet downgraded Banco Macro from a b- rating to a c rating in a report on Monday, July 29th. Finally, Zacks Investment Research downgraded Banco Macro from a buy rating to a hold rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $62.33.
BMA opened at $37.28 on Friday. The business’s fifty day moving average price is $68.72. The stock has a market cap of $5.12 billion, a P/E ratio of 4.77 and a beta of 0.71. Banco Macro has a 52 week low of $31.00 and a 52 week high of $77.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.94 and a quick ratio of 1.08.
About Banco Macro
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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