Could Banco Macro S.A. (BMA) See a Reversal After This Very Strong Session?

February 15, 2018 - By Adrian Mccoy

The stock of Banco Macro S.A. (NYSE:BMA) is a huge mover today! The stock increased 5.28% or $5.32 during the last trading session, reaching $106.11. About 375,373 shares traded or 32.86% up from the average. Banco Macro S.A. (NYSE:BMA) has risen 43.80% since February 15, 2017 and is uptrending. It has outperformed by 27.10% the S&P500.
The move comes after 5 months positive chart setup for the $7.90B company. It was reported on Feb, 15 by Barchart.com. We have $111.42 PT which if reached, will make NYSE:BMA worth $395.15M more.

Analysts await Banco Macro S.A. (NYSE:BMA) to report earnings on February, 21. They expect $2.69 earnings per share, up 43.09 % or $0.81 from last year’s $1.88 per share. BMA’s profit will be $200.35M for 9.86 P/E if the $2.69 EPS becomes a reality. After $2.24 actual earnings per share reported by Banco Macro S.A. for the previous quarter, Wall Street now forecasts 20.09 % EPS growth.

Banco Macro S.A. (NYSE:BMA) Ratings Coverage

Among 5 analysts covering Banco Macro SA (NYSE:BMA), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Banco Macro SA had 7 analyst reports since February 9, 2016 according to SRatingsIntel. Credit Suisse initiated Banco Macro S.A. (NYSE:BMA) rating on Tuesday, March 29. Credit Suisse has “Neutral” rating and $71 target. Goldman Sachs upgraded it to “Buy” rating and $86.50 target in Monday, September 26 report. The stock has “Neutral” rating by UBS on Wednesday, June 1. Goldman Sachs downgraded the shares of BMA in report on Monday, September 11 to “Hold” rating. Credit Suisse upgraded Banco Macro S.A. (NYSE:BMA) on Tuesday, June 13 to “Buy” rating. Citigroup upgraded the shares of BMA in report on Monday, May 23 to “Neutral” rating.

More news for Banco Macro S.A. (NYSE:BMA) were recently published by: Quotes.Wsj.com, which released: “Banco Macro SA ADR BMA (US: NYSE)” on February 12, 2011. Marketwatch.com‘s article titled: “BBVA Banco Frances SA ADR” and published on September 13, 2017 is yet another important article.

Banco Macro S.A. provides various banking services and products to individuals and corporate clients in Argentina. The company has market cap of $7.90 billion. It offers various retail services and products, 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. It has a 17.6 P/E ratio. The firm also provides personal loans, document discounts, mortgages, overdrafts, pledged loans, and credit card loans to retail customers.

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