Banco Macro SA (NYSE: BMA) has reported earnings for its first fiscal quarter (ending March 31) of $5.02 versus $0.73 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $15.65 versus $3.48 for the same period a year ago.
Recent Price Action
Banco Macro SA (NYSE: BMA) stock closed at $60.68 on 5/22/24 after a large decline of -6.1%. Moreover, this decline was accompanied by above average trading volume at 135% of normal. The stock has declined -3.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BMA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Banco Macro has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Banco Macro has a good Appreciation Score of 70 and a very high Power Rating of 98, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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