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 report published on Sunday.

SUPV has been the subject of several other reports. Weiss Ratings cut Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, January 20th. UBS Group started coverage on Grupo Supervielle in a research report on Wednesday, November 19th. They set a “neutral” rating and a $13.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Bank of America reiterated a “neutral” rating on shares of Grupo Supervielle in a research note on Wednesday, November 26th. Finally, Zacks Research downgraded shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.00.

Grupo Supervielle Price Performance

Shares of SUPV opened at $8.04 on Friday. Grupo Supervielle has a twelve month low of $4.54 and a twelve month high of $17.02. The firm’s fifty day simple moving average is $10.51 and its 200-day simple moving average is $9.55. The firm has a market capitalization of $703.99 million, a price-to-earnings ratio of -22.34 and a beta of 1.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38.

Grupo Supervielle (NYSE:SUPV) last issued its earnings results on Monday, March 2nd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $213.90 million for the quarter, compared to analyst estimates of $197.66 million. Grupo Supervielle had a negative return on equity of 3.88% and a negative net margin of 2.18%. Equities analysts forecast that Grupo Supervielle will post 1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Supervielle

Several hedge funds have recently made changes to their positions in SUPV. Wells Fargo & Company MN acquired a new position in Grupo Supervielle in the 4th quarter valued at about $55,000. LJI Wealth Management LLC acquired a new stake in Grupo Supervielle during the 3rd quarter worth approximately $57,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Grupo Supervielle in the 3rd quarter valued at approximately $91,000. Centiva Capital LP purchased a new position in shares of Grupo Supervielle in the 3rd quarter valued at approximately $101,000. Finally, Van ECK Associates Corp increased its holdings 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 purchasing an additional 4,666 shares during the period.

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.