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

Shares of Grupo Supervielle S.A. (NYSE:SUPV) have received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two equities research 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 target among analysts that have covered the stock in the last year is $13.00.

Several brokerages recently issued reports on SUPV. JPMorgan Chase & Co. cut their target price on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Zacks Research cut shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, Itau BBA Securities assumed coverage on Grupo Supervielle in a report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 target price on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN bought a new position in shares of Grupo Supervielle in the fourth quarter worth approximately $55,000. Van ECK Associates Corp raised its position in shares of Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock valued at $110,000 after purchasing an additional 4,666 shares during the period. Insigneo Advisory Services LLC lifted its stake in shares of Grupo Supervielle by 5.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 101,363 shares of the company’s stock valued at $502,000 after buying an additional 5,361 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Grupo Supervielle by 29.3% during the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after buying an additional 6,000 shares in the last quarter. Finally, Paradiem LLC boosted its holdings in Grupo Supervielle by 13.8% in the 4th quarter. Paradiem LLC now owns 83,589 shares of the company’s stock worth $988,000 after buying an additional 10,155 shares during the period.

Grupo Supervielle Stock Up 9.9%

SUPV stock opened at $8.91 on Tuesday. The company has a market cap of $780.33 million, a price-to-earnings ratio of -24.76 and a beta of 1.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50-day moving average is $10.24 and its two-hundred day moving average is $9.57. Grupo Supervielle has a fifty-two week low of $4.54 and a fifty-two week high of $17.02.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Monday, March 2nd. The company reported ($0.16) earnings per share (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 firm had revenue of $213.90 million for the quarter, compared to the consensus estimate of $197.66 million. As a group, analysts forecast that Grupo Supervielle will post 1.5 earnings per share for the current 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.