Somewhat Positive News Coverage Somewhat Unlikely to Impact Banco Macro (BMA) Stock Price

Media coverage about Banco Macro (NYSE:BMA) has trended somewhat positive on Thursday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Banco Macro earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 49.0812494842377 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Banco Macro (NYSE BMA) opened at $99.33 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.18. The company has a market cap of $6,665.94, a P/E ratio of 12.70, a P/E/G ratio of 1.85 and a beta of 1.24. Banco Macro has a fifty-two week low of $76.34 and a fifty-two week high of $136.10.

Banco Macro (NYSE:BMA) last posted its quarterly earnings results on Wednesday, November 8th. The bank reported $2.24 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.09). The company had revenue of $457.86 million for the quarter. Banco Macro had a return on equity of 26.26% and a net margin of 19.37%. analysts anticipate that Banco Macro will post 8.03 EPS for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Banco Macro from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research report on Tuesday, November 21st. ValuEngine raised shares of Banco Macro from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Santander raised shares of Banco Macro from an “underperform” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, UBS Group downgraded shares of Banco Macro from an “outperform” rating to a “market perform” rating in a research report on Friday, November 24th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Banco Macro presently has a consensus rating of “Buy” and an average target price of $112.35.

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Banco Macro Company Profile

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.

Insider Buying and Selling by Quarter for Banco Macro (NYSE:BMA)

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