Grupo Supervielle (NYSE:SUPV) Rating Increased to Hold at Wall Street Zen

Grupo Supervielle (NYSE:SUPV) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

SUPV has been the subject of several other research reports. Zacks Research cut Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a research note on Wednesday, November 26th. Itau BBA Securities initiated coverage on Grupo Supervielle in a report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price target on the stock. UBS Group began coverage on shares of Grupo Supervielle in a research report on Wednesday, November 19th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Grupo Supervielle currently has an average rating of “Hold” and an average price target of $13.00.

Grupo Supervielle Stock Performance

Shares of SUPV opened at $8.20 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $10.66 and its two-hundred day simple moving average is $9.54. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $17.02. The stock has a market capitalization of $717.91 million, a P/E ratio of -22.78 and a beta of 1.76.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $213.90 million during the quarter, compared to the consensus estimate of $197.66 million. Grupo Supervielle had a negative return on equity of 3.88% and a negative net margin of 2.18%. As a group, analysts predict that Grupo Supervielle will post 1.5 EPS for the current year.

Institutional Trading of Grupo Supervielle

Several hedge funds have recently bought and sold shares of SUPV. Wells Fargo & Company MN bought a new stake in Grupo Supervielle during the 4th quarter valued at $55,000. Van ECK Associates Corp lifted its stake in shares of Grupo Supervielle by 101.5% in the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock valued at $110,000 after buying an additional 4,666 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of Grupo Supervielle by 5.6% in the third quarter. Insigneo Advisory Services LLC now owns 101,363 shares of the company’s stock valued at $502,000 after buying an additional 5,361 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Grupo Supervielle by 29.3% during the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after buying an additional 6,000 shares during the last quarter. Finally, Paradiem LLC grew its holdings in shares of Grupo Supervielle by 13.8% during the fourth quarter. Paradiem LLC now owns 83,589 shares of the company’s stock valued at $988,000 after buying an additional 10,155 shares during the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.