Grupo Supervielle S.A. (NYSE:SUPV) Given Average Rating of “Hold” by Brokerages

Grupo Supervielle S.A. (NYSE:SUPV) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.1667.

Several research firms recently weighed in on SUPV. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group dropped their price objective on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. JPMorgan Chase & Co. raised their target price on shares of Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a report on Wednesday, July 15th.

Grupo Supervielle Trading Down 4.1%

Shares of SUPV opened at $8.44 on Friday. Grupo Supervielle has a fifty-two week low of $4.54 and a fifty-two week high of $13.55. The company has a market capitalization of $738.48 million, a PE ratio of -13.39 and a beta of 1.60. The stock has a fifty day moving average of $9.24 and a two-hundred day moving average of $9.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 0.92.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $233.55 million for the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%. As a group, analysts forecast that Grupo Supervielle will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Grupo Supervielle

A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN acquired a new stake in shares of Grupo Supervielle during the 4th quarter worth $55,000. Schonfeld Strategic Advisors LLC acquired a new position in Grupo Supervielle in the third quarter valued at $91,000. Centiva Capital LP acquired a new position in Grupo Supervielle in the third quarter valued at $101,000. Van ECK Associates Corp grew its position in Grupo Supervielle by 101.5% during the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock valued at $110,000 after acquiring an additional 4,666 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Grupo Supervielle during the third quarter valued at about $164,000.

About Grupo Supervielle

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.