Grupo Supervielle (NYSE:SUPV) Rating Increased to Hold 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 released on Sunday morning.

Other equities analysts have also recently issued reports about the stock. Citigroup raised shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $5.00 to $12.00 in a report on Tuesday, October 28th. UBS Group began coverage on Grupo Supervielle in a research report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price 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 analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.33.

Grupo Supervielle Stock Performance

NYSE:SUPV opened at $10.53 on Friday. The stock has a 50-day moving average price of $11.46 and a 200 day moving average price of $9.61. The stock has a market capitalization of $921.64 million, a P/E ratio of 87.73, a P/E/G ratio of 11.85 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 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 posted its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.46). Grupo Supervielle had a return on equity of 1.15% and a net margin of 0.69%.The business had revenue of $178.38 million during the quarter, compared to the consensus estimate of $252.85 billion. Equities research analysts forecast that Grupo Supervielle will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

Large investors have recently modified their holdings of the stock. Sparta 24 Ltd. bought a new stake in Grupo Supervielle in the second quarter worth $27,000. Wells Fargo & Company MN purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at $55,000. LJI Wealth Management LLC bought a new stake in shares of Grupo Supervielle in the 3rd quarter worth about $57,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Grupo Supervielle in the 3rd quarter worth about $91,000. Finally, Centiva Capital LP purchased a new position in shares of Grupo Supervielle during the 3rd quarter worth about $101,000.

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.