Press coverage about Banco Macro (NYSE:BMA) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Banco Macro earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.9019161626346 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Banco Macro (NYSE BMA) traded down $0.42 during trading on Thursday, hitting $116.77. 197,636 shares of the company’s stock were exchanged, compared to its average volume of 206,828. Banco Macro has a 12-month low of $61.70 and a 12-month high of $136.10. The company has a market capitalization of $7,734.13, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 2.08 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.24 and a quick ratio of 1.24.
BMA has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Banco Macro from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Tuesday, November 21st. Goldman Sachs Group lowered shares of Banco Macro from a “buy” rating to a “neutral” rating and set a $113.70 price objective on the stock. in a research note on Monday, September 11th. UBS lowered shares of Banco Macro from an “outperform” rating to a “market perform” rating in a research note on Friday, November 24th. ValuEngine raised shares of Banco Macro from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Santander lowered shares of Banco Macro from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $112.35.
About Banco Macro
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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