Brokerages Set Banco Macro SA ADR Class B (BMA) PT at $81.85

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Banco Macro SA ADR Class B (NYSE:BMA) has been given an average rating of “Hold” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Three 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. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $81.85.

BMA has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Banco Macro SA ADR Class B from a “neutral” rating to an “overweight” rating and set a $104.00 target price on the stock in a report on Wednesday, May 9th. Santander raised Banco Macro SA ADR Class B from a “hold” rating to a “buy” rating in a report on Friday, May 11th. ValuEngine raised Banco Macro SA ADR Class B from a “strong sell” rating to a “sell” rating in a report on Thursday, May 17th. Zacks Investment Research downgraded Banco Macro SA ADR Class B from a “hold” rating to a “strong sell” rating in a report on Monday, June 18th. Finally, TheStreet downgraded Banco Macro SA ADR Class B from a “b-” rating to a “c+” rating in a report on Monday, August 20th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Banco Macro SA ADR Class B by 0.9% in the second quarter. BlackRock Inc. now owns 1,309,094 shares of the bank’s stock worth $76,963,000 after buying an additional 12,283 shares during the period. Bamco Inc. NY raised its stake in shares of Banco Macro SA ADR Class B by 4.9% in the first quarter. Bamco Inc. NY now owns 659,293 shares of the bank’s stock worth $71,184,000 after buying an additional 30,536 shares during the period. TT International raised its stake in shares of Banco Macro SA ADR Class B by 243.5% in the first quarter. TT International now owns 612,713 shares of the bank’s stock worth $66,154,000 after buying an additional 434,333 shares during the period. Odey Asset Management Group Ltd raised its stake in shares of Banco Macro SA ADR Class B by 849.5% in the second quarter. Odey Asset Management Group Ltd now owns 465,232 shares of the bank’s stock worth $27,351,000 after buying an additional 416,232 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Banco Macro SA ADR Class B by 5.5% in the first quarter. Wells Fargo & Company MN now owns 349,858 shares of the bank’s stock worth $37,775,000 after buying an additional 18,096 shares during the period. 24.89% of the stock is currently owned by hedge funds and other institutional investors.

BMA stock traded up $3.34 during trading on Friday, reaching $44.32. The stock had a trading volume of 714,100 shares, compared to its average volume of 353,519. Banco Macro SA ADR Class B has a 52 week low of $32.00 and a 52 week high of $136.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.17. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 4.74, a P/E/G ratio of 0.35 and a beta of 1.33.

Banco Macro SA ADR Class B (NYSE:BMA) last posted its earnings results on Wednesday, August 22nd. The bank reported $2.02 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.12). Banco Macro SA ADR Class B had a net margin of 25.56% and a return on equity of 26.38%. The firm had revenue of $477.98 million during the quarter, compared to the consensus estimate of $348.92 million. equities analysts predict that Banco Macro SA ADR Class B will post 8.64 earnings per share for the current year.

About Banco Macro SA ADR Class B

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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Analyst Recommendations for Banco Macro SA ADR Class B (NYSE:BMA)

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