Citigroup cut shares of Banco Macro SA ADR Class B (NYSE:BMA) from a buy rating to a neutral rating in a research report released on Thursday morning, Marketbeat reports.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Banco Macro SA ADR Class B from a hold rating to a strong sell rating in a research note on Monday, June 18th. TheStreet downgraded shares of Banco Macro SA ADR Class B from a b- rating to a c+ rating in a research note on Monday, August 20th. JPMorgan Chase & Co. raised shares of Banco Macro SA ADR Class B from a neutral rating to an overweight rating and set a $104.00 price target on the stock in a research note on Wednesday, May 9th. ValuEngine raised shares of Banco Macro SA ADR Class B from a strong sell rating to a sell rating in a research note on Thursday, May 17th. Finally, Santander raised shares of Banco Macro SA ADR Class B from a hold rating to a buy rating in a research note on Friday, May 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $94.90.

Shares of BMA traded up $4.73 on Thursday, hitting $39.09. 12,870 shares of the stock traded hands, compared to its average volume of 431,851. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.17. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 4.20, a PEG ratio of 0.33 and a beta of 1.31. Banco Macro SA ADR Class B has a 1 year low of $32.00 and a 1 year high of $136.10.

Banco Macro SA ADR Class B (NYSE:BMA) last announced its quarterly earnings data on Wednesday, August 22nd. The bank reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.12). The firm had revenue of $477.98 million for the quarter, compared to analysts’ expectations of $348.92 million. Banco Macro SA ADR Class B had a net margin of 25.56% and a return on equity of 26.38%. equities analysts expect that Banco Macro SA ADR Class B will post 9.43 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of BMA. Quantbot Technologies LP increased its position in shares of Banco Macro SA ADR Class B by 86.6% in the first quarter. Quantbot Technologies LP now owns 1,377 shares of the bank’s stock worth $148,000 after acquiring an additional 639 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Banco Macro SA ADR Class B in the first quarter worth $162,000. Mitchell Capital Management Co. acquired a new stake in shares of Banco Macro SA ADR Class B in the first quarter worth $332,000. Dumac Inc. increased its position in shares of Banco Macro SA ADR Class B by 41.4% in the first quarter. Dumac Inc. now owns 3,399 shares of the bank’s stock worth $367,000 after acquiring an additional 995 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Banco Macro SA ADR Class B in the second quarter worth $239,000. 24.89% of the stock is currently owned by institutional investors.

Banco Macro SA ADR Class B Company Profile

Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail 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 (ATMs), and money transfers.

Further Reading: Should you buy a closed-end mutual fund?

Analyst Recommendations for Banco Macro SA ADR Class B (NYSE:BMA)

Receive News & Ratings for Banco Macro SA ADR Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Macro SA ADR Class B and related companies with MarketBeat.com's FREE daily email newsletter.