Brokerages Set Grupo Supervielle S.A. (NYSE:SUPV) Target Price at $13.00

Grupo Supervielle S.A. (NYSE:SUPV) has received an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.00.

SUPV has been the subject of a number of recent analyst reports. Itau BBA Securities started coverage on Grupo Supervielle in a research report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Zacks Research cut shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Weiss Ratings lowered shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mak Capital One LLC boosted its holdings in Grupo Supervielle by 36.7% in the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock worth $19,800,000 after buying an additional 1,074,732 shares during the last quarter. Sparta 24 Ltd. raised its holdings in shares of Grupo Supervielle by 39,572.6% during the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock valued at $4,963,000 after acquiring an additional 999,999 shares during the last quarter. PointState Capital LP raised its holdings in shares of Grupo Supervielle by 81.5% during the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after acquiring an additional 682,294 shares during the last quarter. Jump Financial LLC lifted its position in shares of Grupo Supervielle by 339.2% in the third quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock valued at $2,873,000 after acquiring an additional 448,330 shares in the last quarter. Finally, RWC Asset Management LLP lifted its position in shares of Grupo Supervielle by 58.3% in the fourth quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after acquiring an additional 434,285 shares in the last quarter.

Grupo Supervielle Trading Down 3.9%

SUPV stock opened at $8.71 on Tuesday. Grupo Supervielle has a 52-week low of $4.54 and a 52-week high of $17.02. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. The firm has a market cap of $762.12 million, a P/E ratio of -24.18 and a beta of 1.76. The company’s 50-day simple moving average is $10.12 and its 200-day simple moving average is $9.57.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $213.90 million during the quarter, compared to analysts’ expectations of $197.66 million. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.88%. As a group, equities analysts forecast that Grupo Supervielle will post 1.5 EPS for the current fiscal year.

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.