Grupo Supervielle (NYSE:SUPV) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Grupo Supervielle (NYSE:SUPV) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in 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 target for the company. Wall Street Zen downgraded Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Monday. Bank of America reiterated a “neutral” rating on shares of Grupo Supervielle in a research note on Wednesday, November 26th. Itau BBA Securities assumed coverage on Grupo Supervielle in a research report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price target on the stock. Finally, Weiss Ratings cut Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.00.

Grupo Supervielle Stock Performance

Grupo Supervielle stock opened at $10.47 on Tuesday. The company has a market cap of $916.56 million, a price-to-earnings ratio of 87.25, a price-to-earnings-growth ratio of 14.93 and a beta of 1.71. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $17.02. 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’s 50-day moving average is $11.40 and its 200-day moving average is $9.61.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.46). Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. The business had revenue of $178.38 million during the quarter, compared to analysts’ expectations of $252.85 billion. Equities analysts anticipate that Grupo Supervielle will post 1.5 earnings per share for the current year.

Institutional Trading of Grupo Supervielle

Several hedge funds and other institutional investors have recently bought and sold shares of SUPV. Wells Fargo & Company MN bought a new position in Grupo Supervielle during the 4th quarter worth approximately $55,000. LJI Wealth Management LLC bought a new stake in shares of Grupo Supervielle in the 3rd quarter valued at approximately $57,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Grupo Supervielle during the 3rd quarter valued at approximately $91,000. Centiva Capital LP bought a new position in Grupo Supervielle during the third quarter worth $101,000. Finally, Van ECK Associates Corp boosted its holdings in Grupo Supervielle by 101.5% in the fourth 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.

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.