Grupo Supervielle (NYSE:SUPV) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Grupo Supervielle from "sell" to "hold," and MarketBeat shows an overall consensus rating of "Hold" with a consensus target price of $13.00, though analysts remain mixed (Zacks and Weiss are bearish while JPMorgan is neutral with a lowered $11 target).
• Shares and fundamentals remain weak: SUPV opened at $7.89 (down 4.2%), has a market cap of about $690M, a negative PE, reported last-quarter EPS of ($0.03) with negative ROE and net margin, and a 52-week range of $4.54–$16.90.

Grupo Supervielle (NYSE:SUPV - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

A number of other equities analysts also recently issued reports on SUPV. Zacks Research downgraded Grupo Supervielle from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a "sell (d)" rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. cut 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. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $13.00.

Grupo Supervielle Stock Down 4.2%

SUPV opened at $7.89 on Friday. The company has a market cap of $690.42 million, a PE ratio of -21.90 and a beta of 1.55. The business has a 50 day moving average price of $9.16 and a two-hundred day moving average price of $10.23. Grupo Supervielle has a 52 week low of $4.54 and a 52 week high of $16.90. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last issued its earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $145.40 million for the quarter. Grupo Supervielle had a negative return on equity of 3.99% and a negative net margin of 2.18%. As a group, research analysts anticipate that Grupo Supervielle will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds have recently bought and sold shares of SUPV. Wells Fargo & Company MN purchased a new position in Grupo Supervielle in the 4th quarter valued at approximately $55,000. LJI Wealth Management LLC acquired a new stake in Grupo Supervielle during the 3rd quarter valued at $57,000. Schonfeld Strategic Advisors LLC acquired a new stake in Grupo Supervielle during the 3rd quarter valued at $91,000. Centiva Capital LP acquired a new stake in Grupo Supervielle during the 3rd quarter valued at $101,000. Finally, Van ECK Associates Corp grew its holdings in 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 buying an additional 4,666 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.

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