Macro Bank (BMA) Receiving Somewhat Positive Press Coverage, Accern Reports

Press coverage about Macro Bank (NYSE:BMA) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Macro Bank earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.705267269547 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

BMA has been the subject of several research analyst reports. Zacks Investment Research upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a report on Tuesday, September 5th. ValuEngine lowered Macro Bank from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub upgraded Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Goldman Sachs Group Inc lowered Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 price objective for the company. in a report on Monday, September 11th. Finally, Santander lowered Macro Bank from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $112.35.

Shares of Macro Bank (NYSE BMA) traded up $3.00 during trading on Thursday, hitting $99.68. The stock had a trading volume of 568,900 shares, compared to its average volume of 202,025. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $6,366.96, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.35 and a beta of 1.33. Macro Bank has a twelve month low of $61.12 and a twelve month high of $136.10.

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Macro Bank 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.

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