Grupo Supervielle (NYSE:SUPV) Rating Increased to Sell at ValuEngine

Grupo Supervielle (NYSE:SUPV) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. Morgan Stanley downgraded Grupo Supervielle from an “overweight” rating to an “underweight” rating in a report on Monday, August 12th. Citigroup downgraded Grupo Supervielle from a “neutral” rating to a “sell” rating in a report on Thursday, September 19th. Bank of America downgraded Grupo Supervielle from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $9.00 to $2.00 in a report on Thursday, September 19th. Scotiabank initiated coverage on Grupo Supervielle in a report on Wednesday, August 7th. They issued an “underperform” rating for the company. Finally, Zacks Investment Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. Grupo Supervielle currently has an average rating of “Sell” and an average target price of $9.80.

Shares of SUPV traded up $0.15 during trading on Wednesday, reaching $3.24. The company’s stock had a trading volume of 843,764 shares, compared to its average volume of 1,470,473. The company has a fifty day moving average of $3.10 and a two-hundred day moving average of $5.71. Grupo Supervielle has a twelve month low of $2.25 and a twelve month high of $11.62. The company has a market cap of $295.94 million, a price-to-earnings ratio of 4.21 and a beta of 0.58. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.68.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Monday, August 12th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.27. Grupo Supervielle had a return on equity of 21.30% and a net margin of 7.41%. The company had revenue of $225.35 million for the quarter, compared to analyst estimates of $188.74 million. As a group, equities analysts forecast that Grupo Supervielle will post 0.88 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Grupo Supervielle during the 2nd quarter worth $25,000. Pictet Asset Management Ltd. bought a new position in Grupo Supervielle during the 2nd quarter worth $27,000. Victory Capital Management Inc. bought a new position in Grupo Supervielle during the 1st quarter worth $107,000. Fox Run Management L.L.C. bought a new position in Grupo Supervielle during the 2nd quarter worth $160,000. Finally, Keybank National Association OH grew its stake in Grupo Supervielle by 19.8% during the 2nd quarter. Keybank National Association OH now owns 21,000 shares of the company’s stock worth $165,000 after buying an additional 3,474 shares during the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.

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Analyst Recommendations for Grupo Supervielle (NYSE:SUPV)

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