Grupo Supervielle (NYSE:SUPV) Cut to “Sell” at Wall Street Zen

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

Other analysts have also recently issued reports about the stock. Zacks Research cut shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. 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. Itau BBA Securities initiated coverage on shares of Grupo Supervielle in a research note on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, Weiss Ratings cut shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.00.

Grupo Supervielle Stock Performance

SUPV stock opened at $9.39 on Friday. The stock has a market capitalization of $821.92 million, a P/E ratio of -26.08 and a beta of 1.78. Grupo Supervielle has a one year low of $4.54 and a one year high of $17.02. The company has a 50 day moving average price of $9.85 and a two-hundred day moving average price of $9.79.

Grupo Supervielle (NYSE:SUPV) last released its earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. Grupo Supervielle had a negative return on equity of 3.88% and a negative net margin of 2.18%.The firm had revenue of $145.40 million during the quarter. Research analysts forecast that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN purchased a new stake in Grupo Supervielle during the 4th quarter worth $55,000. LJI Wealth Management LLC purchased a new stake in Grupo Supervielle during the 3rd quarter worth $57,000. Schonfeld Strategic Advisors LLC purchased a new stake in Grupo Supervielle during the 3rd quarter worth $91,000. Centiva Capital LP purchased a new stake in Grupo Supervielle during the 3rd quarter worth $101,000. Finally, Van ECK Associates Corp boosted its position in Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $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.