Do Analysts Expect Banco Macro SA ADR Class B (BMA) Stock to Rise After It Is Up 64.14% in a Month?

Analysts who follow Banco Macro SA ADR Class B (BMA) on average expect it to fall -59.47% over the next twelve months. Those same analysts give the stock an average rating of Sell. That average rating earns Banco Macro SA ADR Class B an Analyst Ranking of 0, which means it ranks higher than 0 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating BMA a Sell today. Find out what this means to you and get the rest of the rankings on BMA!

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Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Banco Macro SA ADR Class B Stock Today?

Banco Macro SA ADR Class B (BMA) stock is trading at $29.61 as of 12:45 PM on Wednesday, Nov 29, a gain of $1.60, or 5.71% from the previous closing price of $28.01. The stock has traded between $27.02 and $29.84 so far today. Volume today is 353,051 compared to average volume of 409,463. Click Here to get the full Stock Report for Banco Macro SA ADR Class B stock.