Grupo Supervielle (NYSE:SUPV) Cut to Underweight at JPMorgan Chase & Co.

Key Points

• Grupo Supervielle has been downgraded by JPMorgan Chase & Co. from a "neutral" to an "underweight" rating, with a target price of $5.00, indicating a potential downside of 19.68% from its current price.
• Following the downgrade, Citigroup also changed its rating from "buy" to "neutral," while the company holds a consensus rating of "Hold" from analysts.
• Grupo Supervielle reported earnings of $0.14 EPS for the last quarter, missing the expected consensus estimate of $0.22, with revenues significantly lower than analysts' predictions.

Grupo Supervielle (NYSE:SUPV - Get Free Report) was downgraded by equities research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating in a research report issued on Wednesday,Finviz reports. They currently have a $5.00 target price on the stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 19.68% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Supervielle in a report on Wednesday, October 8th. Citigroup downgraded shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.00.

Grupo Supervielle Trading Up 1.2%

Shares of SUPV stock opened at $6.23 on Wednesday. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $19.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $6.76 and its two-hundred day moving average is $10.53. The company has a market cap of $551.12 million, a PE ratio of 9.43, a price-to-earnings-growth ratio of 12.45 and a beta of 1.56.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.08). Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.82%. The company had revenue of $210.52 million for the quarter, compared to analyst estimates of $283.67 billion. Equities analysts predict that Grupo Supervielle will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Grupo Supervielle by 10.2% in the first quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock worth $104,000 after purchasing an additional 737 shares during the period. Freedom Investment Management Inc. lifted its position in Grupo Supervielle by 4.4% in the first quarter. Freedom Investment Management Inc. now owns 44,386 shares of the company's stock worth $580,000 after purchasing an additional 1,862 shares during the period. Sparta 24 Ltd. bought a new position in Grupo Supervielle in the second quarter worth $27,000. Titan Global Capital Management USA LLC lifted its position in Grupo Supervielle by 5.3% in the second quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company's stock worth $572,000 after purchasing an additional 2,711 shares during the period. Finally, Cetera Investment Advisers lifted its position in Grupo Supervielle by 29.3% in the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company's stock worth $281,000 after purchasing an additional 6,000 shares during the period.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.

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