Alert: Positive Investment/Fundamental Signals (11/21/23)-Banco Macro SA (NYSE: BMA)


Recent meaningful positive changes in fundamentals have benefitted Banco Macro SA (NYSE: BMA): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

Banco Macro SA (NYSE: BMA) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and its longer term price trend turned up.

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.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, BMA 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 80 and a very high Power Rating of 86, with the Highest Value Trend Rating the result.

Recent Price Action

Banco Macro SA (NYSE: BMA) stock closed at $24.35 on 11/21/23 after a slight gain of 0.1%. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 25.6% during the last week.

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