Grupo Supervielle (NYSE:SUPV) Trading Up 7% - Still a Buy?

Key Points

• Grupo Supervielle's stock saw a 7% increase in trading, reaching $7.08, but closed lower at $6.55, indicating a possibly volatile market sentiment.
• Recent analyst actions include Citigroup downgrading the stock from "buy" to "neutral" while Wall Street Zen upgraded it from "sell" to "hold," leading to a consensus rating of "Hold" with a target price of $17.00.
• The company reported earnings of $0.14 per share, missing expectations, and faced a significant decline in revenue compared to analyst estimates, raising concerns about its financial performance.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s stock price shot up 7% during trading on Wednesday . The stock traded as high as $7.08 and last traded at $6.55. 1,108,833 shares traded hands during trading, a decline of 16% from the average session volume of 1,324,646 shares. The stock had previously closed at $6.12.

Analyst Upgrades and Downgrades

Several research firms recently commented on SUPV. Citigroup lowered shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 10th. Wall Street Zen raised shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Grupo Supervielle presently has a consensus rating of "Hold" and a consensus target price of $17.00.

Grupo Supervielle Trading Up 5.4%

The firm's 50 day moving average price is $8.67 and its 200-day moving average price is $11.61. The stock has a market cap of $571.28 million, a P/E ratio of 9.80, a P/E/G ratio of 9.34 and a beta of 1.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.08). The firm had revenue of $210.52 million during the quarter, compared to the consensus estimate of $283.67 billion. Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%. As a group, equities research analysts forecast that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Supervielle

A number of large investors have recently added to or reduced their stakes in SUPV. PointState Capital LP grew its position in Grupo Supervielle by 30.1% in the 1st quarter. PointState Capital LP now owns 2,467,243 shares of the company's stock worth $32,222,000 after purchasing an additional 570,523 shares during the period. Cubist Systematic Strategies LLC grew its position in Grupo Supervielle by 971.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company's stock worth $5,770,000 after purchasing an additional 400,579 shares during the period. Qube Research & Technologies Ltd bought a new stake in Grupo Supervielle in the 2nd quarter worth approximately $2,568,000. BNP Paribas Financial Markets grew its position in Grupo Supervielle by 196.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 365,776 shares of the company's stock worth $3,874,000 after purchasing an additional 242,440 shares during the period. Finally, Jane Street Group LLC bought a new stake in Grupo Supervielle in the 2nd quarter worth approximately $2,562,000.

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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