Zacks Investment Research Upgrades Grupo Supervielle (NYSE:SUPV) to “Buy”

Grupo Supervielle (NYSE:SUPVGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday, Zacks.com reports. The brokerage presently has a $2.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 12.36% from the stock’s current price.

According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “

Several other equities analysts have also weighed in on SUPV. JPMorgan Chase & Co. lowered shares of Grupo Supervielle from a “neutral” rating to an “underweight” rating in a report on Thursday, January 20th. StockNews.com started coverage on shares of Grupo Supervielle in a report on Thursday, March 31st. They set a “hold” rating for the company.

SUPV opened at $1.78 on Friday. Grupo Supervielle has a 12 month low of $1.59 and a 12 month high of $2.89. The business’s 50-day moving average price is $1.88 and its 200-day moving average price is $1.93. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. The company has a market cap of $162.59 million, a P/E ratio of -17.80 and a beta of 1.40.

Grupo Supervielle (NYSE:SUPVGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). Grupo Supervielle had a negative return on equity of 1.71% and a negative net margin of 0.77%. The company had revenue of $142.63 million during the quarter, compared to analysts’ expectations of $158.82 million. Equities research analysts forecast that Grupo Supervielle will post 0.13 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its stake in shares of Grupo Supervielle by 41.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 23,646 shares of the company’s stock valued at $53,000 after buying an additional 6,899 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Grupo Supervielle by 46.1% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,163 shares of the company’s stock valued at $49,000 after acquiring an additional 7,942 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Grupo Supervielle by 21.5% during the first quarter. Envestnet Asset Management Inc. now owns 32,474 shares of the company’s stock valued at $66,000 after acquiring an additional 5,749 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Grupo Supervielle during the third quarter valued at approximately $74,000. Finally, BlackRock Inc. increased its position in Grupo Supervielle by 60.4% in the fourth quarter. BlackRock Inc. now owns 34,739 shares of the company’s stock worth $68,000 after buying an additional 13,083 shares during the last quarter. 3.04% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Supervielle (Get Rating)

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal and Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit cards, debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.

Further Reading

Get a free copy of the Zacks research report on Grupo Supervielle (SUPV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Grupo Supervielle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Supervielle and related companies with MarketBeat.com's FREE daily email newsletter.