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

Grupo Supervielle (NYSE:SUPV) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered their target price 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. Itau BBA Securities initiated coverage on shares of Grupo Supervielle in a research note on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price target on the stock. Zacks Research lowered shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings cut shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given 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 Stock Performance

Shares of SUPV stock opened at $9.45 on Friday. Grupo Supervielle has a fifty-two week low of $4.54 and a fifty-two week high of $17.02. The stock’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $9.76. The company has a market cap of $827.00 million, a PE ratio of -26.24 and a beta of 1.78.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. Grupo Supervielle had a negative return on equity of 3.88% and a negative net margin of 2.18%.The business had revenue of $145.40 million for the quarter. On average, equities analysts predict that Grupo Supervielle will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

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

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.