In a report released yesterday, Ernesto Gabilondo from Bank of America Securities maintained a Sell rating on Banco Macro SA (BMA – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $20.90.
Gabilondo covers the Financial sector, focusing on stocks such as Banco Macro SA, Bancolombia, and Credicorp. According to TipRanks, Gabilondo has an average return of -8.7% and a 37.50% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Banco Macro SA with a $10.00 average price target.
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Based on Banco Macro SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $78.97 billion and a net profit of $4.15 billion. In comparison, last year the company earned a revenue of $62.83 billion and had a net profit of $7.57 billion
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Banco Macro SA engages in the provision of financial and banking services, with focus on low and mid-income individuals; and small and mid-sized companies. It offers savings, checking accounts, time deposits, fund management, loans, mortgages, and direct banking transactions. The company was founded on November 21, 1966 and is headquartered in Buenos Aires, Argentina.
