Grupo Supervielle (SUPV) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Grupo Supervielle (NYSE:SUPV) from a sell rating to a hold rating in a report released on Wednesday morning.

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. “

A number of other brokerages also recently weighed in on SUPV. JPMorgan Chase & Co. downgraded Grupo Supervielle from an overweight rating to a neutral rating and set a $9.00 target price on the stock. in a research note on Friday, August 24th. ValuEngine downgraded Grupo Supervielle from a sell rating to a strong sell rating in a research note on Wednesday, August 8th. Bank of America downgraded Grupo Supervielle from a buy rating to a neutral rating and cut their target price for the stock from $40.00 to $8.00 in a research note on Thursday, August 30th. Finally, Santander downgraded Grupo Supervielle from a buy rating to an underperform rating and boosted their target price for the stock from $18.00 to $18.40 in a research note on Thursday, November 15th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Grupo Supervielle presently has an average rating of Hold and an average target price of $17.85.

Shares of SUPV opened at $9.13 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $663.57 million, a price-to-earnings ratio of 4.86, a P/E/G ratio of 8.13 and a beta of -0.46. Grupo Supervielle has a 52 week low of $4.91 and a 52 week high of $33.85.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings data on Friday, August 31st. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.24). The company had revenue of $176.23 million for the quarter, compared to the consensus estimate of $174.89 million. Grupo Supervielle had a return on equity of 15.86% and a net margin of 9.93%. Analysts expect that Grupo Supervielle will post 0.93 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc lifted its stake in Grupo Supervielle by 1,425.9% in the second quarter. NumerixS Investment Technologies Inc now owns 10,300 shares of the company’s stock valued at $112,000 after purchasing an additional 9,625 shares during the last quarter. BlackRock Inc. lifted its stake in Grupo Supervielle by 0.5% in the second quarter. BlackRock Inc. now owns 2,555,742 shares of the company’s stock valued at $27,041,000 after purchasing an additional 12,608 shares during the last quarter. Jefferies Group LLC lifted its stake in Grupo Supervielle by 105.5% in the third quarter. Jefferies Group LLC now owns 27,000 shares of the company’s stock valued at $207,000 after purchasing an additional 13,862 shares during the last quarter. Legal & General Group Plc purchased a new position in Grupo Supervielle in the third quarter valued at approximately $108,000. Finally, Globeflex Capital L P lifted its stake in Grupo Supervielle by 99.9% in the second quarter. Globeflex Capital L P now owns 30,099 shares of the company’s stock valued at $318,000 after purchasing an additional 15,040 shares during the last quarter. Hedge funds and other institutional investors own 38.02% 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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