Banco Macro S.A. (NYSE:BMA - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $108.14 and last traded at $107.40, with a volume of 54711 shares changing hands. The stock had previously closed at $106.83.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on BMA. Morgan Stanley upgraded Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price target on the stock in a research report on Monday. StockNews.com cut Banco Macro from a "buy" rating to a "hold" rating in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. upgraded Banco Macro from an "underweight" rating to a "neutral" rating and raised their target price for the company from $14.00 to $78.00 in a research note on Friday, August 30th.
Read Our Latest Research Report on BMA
Banco Macro Trading Down 0.5 %
The business's fifty day moving average is $80.09 and its two-hundred day moving average is $66.22. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 9.30 and a beta of 1.75.
Institutional Investors Weigh In On Banco Macro
Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in shares of Banco Macro by 118.3% in the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank's stock valued at $45,000 after buying an additional 387 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Banco Macro during the 2nd quarter valued at about $51,000. Headlands Technologies LLC lifted its holdings in shares of Banco Macro by 262.0% during the 2nd quarter. Headlands Technologies LLC now owns 2,483 shares of the bank's stock valued at $142,000 after purchasing an additional 1,797 shares in the last quarter. Beverly Hills Private Wealth LLC grew its position in shares of Banco Macro by 6.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank's stock valued at $316,000 after purchasing an additional 323 shares during the period. Finally, Atlas Capital Advisors LLC bought a new stake in Banco Macro during the 2nd quarter worth approximately $362,000.
Banco Macro Company Profile
(
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Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking 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, and money transfers.
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