Alert: Positive Investment/Fundamental Signals (6/13/24)-Banco Macro SA (NYSE: BMA)

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Banco Macro SA (NYSE: BMA). Important positive changes in fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Banco Macro SA (NYSE: BMA). Significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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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 inconsistent signals. Banco Macro has a neutral Appreciation Score of 53 but a very high Power Rating of 100, with the Highest Value Trend Rating the result.

Recent Price Action

Banco Macro SA (NYSE: BMA) stock closed at $63.00 on 6/13/24 after a very large increase of 5.6%. Moreover, trading volume in this advance was exceptionally high at 200% of normal. The stock has risen 5.0% during the last week and has been exceptionally strong relative to the market over the last nine months.

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