Grupo Supervielle (NYSE:SUPV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Supervielle (NYSE:SUPV) from a sell rating to a hold rating in a research note published on Saturday.

SUPV has been the subject of a number of other research reports. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $5.00 to $12.00 in a report on Tuesday, October 28th. Zacks Research lowered Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Grupo Supervielle in a research note on Monday, December 29th. Bank of America reaffirmed a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. Finally, UBS Group initiated coverage on shares of Grupo Supervielle in a research note on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price for the company. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.33.

Grupo Supervielle Price Performance

NYSE:SUPV opened at $10.71 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $937.75 million, a P/E ratio of 89.27, a PEG ratio of 8.43 and a beta of 1.76. The company has a fifty day moving average price of $11.25 and a 200 day moving average price of $9.44. Grupo Supervielle has a one year low of $4.54 and a one year high of $18.14.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings data on Tuesday, November 25th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.46). The firm had revenue of $178.38 million for the quarter, compared to analyst estimates of $252.85 billion. Grupo Supervielle had a return on equity of 1.15% and a net margin of 0.69%. Analysts anticipate that Grupo Supervielle will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Several large investors have recently modified their holdings of the business. Millennium Management LLC increased its holdings in shares of Grupo Supervielle by 46.3% in the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock valued at $9,823,000 after acquiring an additional 238,064 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Grupo Supervielle by 38.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 136,881 shares of the company’s stock worth $1,788,000 after buying an additional 38,247 shares during the last quarter. Ping Capital Management Inc. increased its position in shares of Grupo Supervielle by 52.3% in the second quarter. Ping Capital Management Inc. now owns 184,300 shares of the company’s stock worth $1,952,000 after acquiring an additional 63,300 shares in the last quarter. Kiker Wealth Management LLC purchased a new position in Grupo Supervielle in the 2nd quarter worth approximately $1,345,000. Finally, Sparta 24 Ltd. purchased a new stake in shares of Grupo Supervielle during the second quarter worth about $27,000.

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.