Grupo Supervielle S.A. (NYSE:SUPV) Receives $13.00 Average PT from Brokerages

Shares of Grupo Supervielle S.A. (NYSE:SUPV) have earned an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $13.00.

A number of research firms recently weighed in on SUPV. Bank of America restated a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Zacks Research downgraded Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Weiss Ratings lowered Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Wall Street Zen cut Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Finally, Itau BBA Securities initiated coverage on Grupo Supervielle in a research report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price target for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SUPV. Wells Fargo & Company MN bought a new stake in Grupo Supervielle in the 4th quarter worth about $55,000. Van ECK Associates Corp boosted its stake in shares of Grupo Supervielle by 101.5% in the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after buying an additional 4,666 shares during the last quarter. LJI Wealth Management LLC purchased a new position in shares of Grupo Supervielle in the 3rd quarter worth approximately $57,000. Banco BTG Pactual S.A. bought a new position in shares of Grupo Supervielle in the fourth quarter valued at approximately $211,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Grupo Supervielle during the third quarter valued at approximately $91,000.

Grupo Supervielle Price Performance

Shares of SUPV opened at $8.48 on Friday. The business’s fifty day moving average is $11.04 and its 200 day moving average is $9.55. Grupo Supervielle has a 12-month low of $4.54 and a 12-month 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 stock has a market cap of $742.42 million, a P/E ratio of -23.55, a P/E/G ratio of 14.71 and a beta of 1.76.

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

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.