JPMorgan Chase & Co. Has Lowered Expectations for Grupo Supervielle (NYSE:SUPV) Stock Price

Grupo Supervielle (NYSE:SUPV) had its price target dropped by research analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 0.23% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Bank of America restated a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Itau BBA Securities assumed coverage on shares of Grupo Supervielle in a report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price target for the company. UBS Group assumed 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. Finally, Weiss Ratings cut shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Grupo Supervielle Stock Performance

Grupo Supervielle stock opened at $11.03 on Thursday. The firm has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $9.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. Grupo Supervielle has a twelve month low of $4.54 and a twelve month high of $17.02. The company has a market capitalization of $965.24 million, a PE ratio of 91.88, a P/E/G ratio of 12.29 and a beta of 1.71.

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

Institutional Investors Weigh In On Grupo Supervielle

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

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.