Banco Stock Buy Hold or Sell Recommendation

BMA
 Stock
  

USD 11.63  0.43  3.84%   

Considering the 90-day investment horizon and your way above-average risk tolerance, our recommendation regarding Banco Macro SA is 'Hold'. Macroaxis provides Banco Macro buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BMA positions. The advice algorithm takes into account all of Banco Macro's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from Banco Macro's buy-and-hold perspective. Continue to Banco Macro Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Banco and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Banco Macro SA.

Execute Banco Macro Buy or Sell Advice

The Banco recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Banco Macro SA. Macroaxis does not own or have any residual interests in Banco Macro SA or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Banco Macro's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Banco MacroBuy Banco Macro
Hold

Volatility

Not too volatileDetails

Hype Condition

Over hypedDetails

Current Valuation

Fairly ValuedDetails

Odds of Distress

Close to AverageDetails

Economic Sensitivity

Almost mirrors the marketDetails

Analyst Consensus

SellDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Banco Macro SA has a Risk Adjusted Performance of (0.24), Jensen Alpha of (0.28), Total Risk Alpha of (0.11) and Treynor Ratio of (0.46)
Our trade advice tool can cross-verify current analyst consensus on Banco Macro SA and to analyze the company potential to grow in the current economic cycle. To make sure Banco Macro is not overpriced, please confirm all Banco Macro SA fundamentals, including its ebitda, debt to equity, and the relationship between the revenue and cash and equivalents . Given that Banco Macro SA has a number of shares shorted of 428.81 K, we suggest you to validate Banco Macro SA market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Banco Macro Trading Alerts and Improvement Suggestions

Banco Macro SA generated a negative expected return over the last 90 days
Latest headline from www.portlincolntimes.com.au: Fresh drubbing for stocks - Port Lincoln Times

Banco Macro current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Banco analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Banco analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price25.70
Target Median Price17.00
Target High Price63.00
Recommendation Mean3.60
Number Of Analyst Opinions7
Target Low Price13.00
Average Consensus Sell
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Banco Macro Returns Distribution Density

The distribution of Banco Macro's historical returns is an attempt to chart the future uncertainty of Banco Macro's future price movements. The chart of the probability distribution of Banco Macro stock daily returns describes the distribution of returns around its average expected value. We use Banco Macro SA price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Banco Macro returns is essential to provide solid investment advice for Banco Macro stock.
Mean Return-0.48Value At Risk-5.69
Potential Upside3.77Standard Deviation2.81
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Banco Macro historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Banco Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Banco Macro is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Banco Macro SA backward and forwards among themselves. Banco Macro's institutional investor refers to the entity that pools money to purchase Banco Macro's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Odey Asset Management Group LtdCommon Shares1.7 M28.6 M
Discovery Capital Management LlcCommon Shares928.2 K16.1 M
Eaton Vance ManagementCommon Shares215.3 K3.7 M
Arrowstreet Capital Limited PartnershipCommon Shares163.6 K2.8 M
Verition Fund Management LlcCommon Shares150 K2.6 M
Autonomy Capital Jersey LpCommon Shares149 K2.6 M
Citadel Advisors LlcCommon Shares135.3 K2.3 M
Susquehanna International Group LlpPut Options91.4 K1.6 M
Citadel Advisors LlcCall Options87.1 K1.5 M
Note, although Banco Macro's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Banco Macro Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(382.21 M)(400.42 M)(4.53 B)(5.27 B)(4.74 B)(4.87 B)
Net Cash Flow or Change in Cash and Cash Equivalents(21.11 B)101.39 B(110.06 B)95.01 B(87.96 B)(90.27 B)
Issuance Repayment of Debt Securities6.48 B1.2 B(8.24 B)(6.46 B)(7.1 B)(7.29 B)
Payment of Dividends and Other Cash Distributions(1.82 B)(9.45 B)(17.48 B)(605 K)(544.5 K)(587.49 K)
Net Cash Flow from Financing35.35 B(16.42 B)(31.88 B)(10.4 B)(8.53 B)(8.75 B)
Net Cash Flow from Investing(4.53 B)(5.27 B)(8.51 B)(5.55 B)(6.93 B)(7.11 B)
Net Cash Flow from Operations(26.08 B)159.43 B28.48 B180.75 B44.65 B45.4 B

Banco Macro Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Banco Macro or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Banco Macro stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Banco stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.28
β
Beta against DOW1.07
σ
Overall volatility
2.84
Ir
Information ratio -0.11

Banco Macro Volatility Alert

Banco Macro SA exhibits very low volatility with skewness of -0.29 and kurtosis of -0.03. However, we advise investors to further study Banco Macro SA technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Banco Macro's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Banco Macro's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Banco Macro Implied Volatility

Banco Macro's implied volatility exposes the market's sentiment of Banco Macro SA stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Banco Macro's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Banco Macro stock will not fluctuate a lot when Banco Macro's options are near their expiration.

Banco Macro Fundamentals Vs Peers

Comparing Banco Macro's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Banco Macro's direct or indirect competition across all of the common fundamentals between Banco Macro and the related equities. This way, we can detect undervalued stocks with similar characteristics as Banco Macro or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Banco Macro's fundamental indicators could also be used in its relative valuation, which is a method of valuing Banco Macro by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Banco Macro to competition
FundamentalsBanco MacroPeer Average
Return On Equity13.15 %(0.31) %
Return On Asset3.12 %(0.14) %
Profit Margin14.83 %(1.27) %
Current Valuation(47.51 B)16.62 B
Shares Outstanding63.94 M571.82 M
Shares Owned by Institutions6.79 %39.21 %
Number of Shares Shorted428.81 K4.71 M
Price to Earning3.02 X28.72 X
Price to Sales0.01 X11.42 X
Revenue200.62 B9.43 B
Gross Profit190.89 B27.38 B
EBITDA4.4 B3.9 B
Net Income29.75 B570.98 M
Cash and Equivalents111.3 B2.7 B
Total Debt62.99 B5.32 B
Debt to Equity5.66 %48.70 %
Cash Flow from Operations193.58 B971.22 M
Short Ratio2.38 X4.00 X
Earnings Per Share3.79 X3.12 X
Price to Earnings To Growth0.05 X4.89 X
Number of Employees7.98 K18.84 K
Beta2.16-0.15
Market Capitalization1.44 B19.03 B
Total Asset167.28 B29.47 B
Retained Earnings29.7 B9.33 B
Z Score1.08.72
Last Dividend Paid0.72

Banco Macro Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Banco . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution11654.84
Daily Balance Of Power0.5811
Rate Of Daily Change1.04
Day Median Price11.3
Day Typical Price11.41
Market Facilitation Index0.0
Price Action Indicator0.55

About Banco Macro Buy or Sell Advice

When is the right time to buy or sell Banco Macro SA? Buying financial instruments such as Banco Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Banco Macro investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Cash and Equivalents137.07 B196.18 B172.33 B185.94 B
Total Assets606.15 B1,169.09 B999.3 B1,078.19 B

Use Investing Ideas to Build Portfolios

In addition to having Banco Macro in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Large Growth Thematic Idea Now

Large Growth
Large Growth Theme
Funds or Etfs that invest in stocks of large-sized companies with above-average risk and growth rate. The Large Growth theme has 40 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large Growth Theme or any other thematic opportunities.
View All  Next Launch Large Growth
Continue to Banco Macro Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Banco Macro SA information on this page should be used as a complementary analysis to other Banco Macro's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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Is Banco Macro's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Banco Macro. If investors know Banco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Banco Macro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.48
Market Capitalization
743.6 M
Quarterly Revenue Growth YOY
0.56
Return On Assets
0.0312
Return On Equity
0.13
The market value of Banco Macro SA is measured differently than its book value, which is the value of Banco that is recorded on the company's balance sheet. Investors also form their own opinion of Banco Macro's value that differs from its market value or its book value, called intrinsic value, which is Banco Macro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Banco Macro's market value can be influenced by many factors that don't directly affect Banco Macro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Banco Macro's value and its price as these two are different measures arrived at by different means. Investors typically determine Banco Macro value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Banco Macro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.