Grupo Supervielle S.A. (NYSE:SUPV) Receives Average Recommendation of “Hold” from Analysts

Grupo Supervielle S.A. (NYSE:SUPV) has been given a consensus rating of “Hold” by the seven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.1667.

A number of brokerages have commented on SUPV. JPMorgan Chase & Co. boosted their price target on shares of Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. UBS Group reduced their price objective on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th.

Grupo Supervielle Stock Down 4.1%

Shares of NYSE:SUPV opened at $8.04 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. Grupo Supervielle has a 52-week low of $4.54 and a 52-week high of $13.55. The business’s 50 day simple moving average is $8.86 and its two-hundred day simple moving average is $9.06. The firm has a market cap of $703.81 million, a P/E ratio of -12.76 and a beta of 1.55.

Grupo Supervielle (NYSE:SUPV) last issued its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%.The company had revenue of $233.55 million for the quarter. As a group, research analysts forecast that Grupo Supervielle will post 0.44 EPS for the current fiscal year.

Institutional Trading of Grupo Supervielle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SUPV. Bank of America Corp DE boosted its position in shares of Grupo Supervielle by 285.5% during the first quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after buying an additional 14,365 shares during the last quarter. Deltec Asset Management LLC bought a new position in Grupo Supervielle during the 1st quarter valued at $438,000. Engineers Gate Manager LP boosted its holdings in Grupo Supervielle by 96.4% during the 2nd quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock worth $892,000 after acquiring an additional 45,325 shares during the last quarter. Titan Global Capital Management USA LLC boosted its holdings in Grupo Supervielle by 5.7% during the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock worth $912,000 after acquiring an additional 5,245 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Grupo Supervielle in the 4th quarter worth $1,243,000.

About Grupo Supervielle

Grupo Supervielle SA is an Argentine financial services holding company whose principal subsidiary is Banco Supervielle SA The group provides banking and related financial products to individuals, small and medium-sized businesses, corporate clients, and other institutional customers in Argentina.

Through its banking operations, Grupo Supervielle offers deposit accounts, personal and business lending, mortgages, credit and debit cards, payments, online and mobile banking, and other transaction services.