Grupo Supervielle S.A. (NYSE:SUPV) Given Average Recommendation of “Hold” by Brokerages

Grupo Supervielle S.A. (NYSE:SUPV) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.00.

SUPV has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Weiss Ratings downgraded shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Bank of America reaffirmed a “neutral” rating on shares of Grupo Supervielle in a research note on Wednesday, November 26th. Finally, Zacks Research downgraded shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th.

Institutional Investors Weigh In On Grupo Supervielle

A number of hedge funds have recently made changes to their positions in SUPV. Ping Capital Management Inc. raised its holdings in Grupo Supervielle by 86.9% during the 3rd quarter. Ping Capital Management Inc. now owns 344,500 shares of the company’s stock valued at $1,705,000 after buying an additional 160,200 shares during the period. Kiker Wealth Management LLC boosted its stake in Grupo Supervielle by 148.9% during the third quarter. Kiker Wealth Management LLC now owns 316,161 shares of the company’s stock worth $1,565,000 after buying an additional 189,156 shares during the period. Kapitalo Investimentos Ltda bought a new position in Grupo Supervielle during the third quarter valued at $1,092,000. Mak Capital One LLC raised its stake in shares of Grupo Supervielle by 36.7% in the third quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after acquiring an additional 1,074,732 shares during the period. Finally, Insigneo Advisory Services LLC raised its stake in shares of Grupo Supervielle by 165.1% in the second quarter. Insigneo Advisory Services LLC now owns 96,002 shares of the company’s stock valued at $1,017,000 after acquiring an additional 59,793 shares during the period.

Grupo Supervielle Price Performance

Shares of Grupo Supervielle stock opened at $8.91 on Tuesday. The company has a market capitalization of $780.33 million, a price-to-earnings ratio of -24.76 and a beta of 1.76. 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’s 50-day simple moving average is $10.24 and its 200-day simple moving average is $9.57. Grupo Supervielle has a 52 week low of $4.54 and a 52 week high of $17.02.

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