Wall Street Zen Downgrades Grupo Supervielle (NYSE:SUPV) to Strong Sell

Grupo Supervielle (NYSE:SUPV) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday.

Several other brokerages have also recently weighed in on SUPV. UBS Group assumed coverage on shares of Grupo Supervielle in a research report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Bank of America reaffirmed a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. Citigroup raised Grupo Supervielle from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Finally, Itau BBA Securities assumed coverage on Grupo Supervielle in a research note on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Grupo Supervielle has a consensus rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Trading Up 1.5%

NYSE SUPV opened at $10.54 on Monday. 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 52 week low of $4.54 and a 52 week high of $17.02. The business has a 50 day moving average price of $11.42 and a 200-day moving average price of $9.60. The company has a market cap of $922.60 million, a price-to-earnings ratio of 87.82, a P/E/G ratio of 14.73 and a beta of 1.71.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share (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 analyst estimates of $252.85 billion. As a group, equities analysts expect that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

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

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.