Grupo Supervielle SA -ADR (SUPV) Stock Rating Upgraded by Zacks Investment Research
Grupo Supervielle SA -ADR (NASDAQ:SUPV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.
According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “
SUPV has been the subject of a number of other reports. Morgan Stanley reissued an “overweight” rating and set a $16.00 target price on shares of Grupo Supervielle SA -ADR in a research note on Monday, June 13th. Raymond James Financial Inc. began coverage on Grupo Supervielle SA -ADR in a research note on Tuesday, July 19th. They set an “outperform” rating and a $17.00 target price for the company. Finally, Bank of America Corp. began coverage on Grupo Supervielle SA -ADR in a research note on Monday, June 13th. They set a “buy” rating for the company.
Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) opened at 14.81 on Friday. The stock has a market capitalization of $5.39 billion and a PE ratio of 41.84. Grupo Supervielle SA -ADR has a one year low of $10.00 and a one year high of $16.16. The stock has a 50 day moving average of $14.16 and a 200-day moving average of $13.17.
An institutional investor recently bought a new position in Grupo Supervielle SA -ADR stock. Nomura Holdings Inc. purchased a new stake in Grupo Supervielle SA -ADR (NASDAQ:SUPV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,100 shares of the company’s stock, valued at approximately $154,000.
Grupo Supervielle SA -ADR Company Profile
Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.
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