Banco Macro S.A. (BMA) shares are trading at higher $19.19 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $29.22.
To add more color to this target, the company’s high over the last year is $39.10 and the low is $13.59. Over the last 52 weeks, BMA is down -22.90% while the S&P 500 is up 19.82%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BMA reported a profit of $347.22 million. Banco Macro S.A. also saw revenues increase to $503.83 million. In addition, BMA has free cash flow of $0.0 as of 03-2020.
BMA booked profit margins of 31.00%, its Return on Equity (ROE) is 43.70%, and its Return on Assets is 9.10%. All told, it is clear that, BMA needs to be on your watchlist.
Find out when BMA reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BMA has a short ratio of 0.42 and outstanding shares of 63.94M.
BMA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.4 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 8.59. Investors should also keep an eye on sector updates as BMA has historically followed its peers on positive news.
All told, Banco Macro S.A. BMA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BMA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Banco Macro S.A. BMA is now commanding a market cap of 1.92B and a float of 26.28M. BMA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BMA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BMA, either long or short, and we have not been compensated for this article.