Grupo Supervielle (NYSE:SUPV) Stock Gets Downgrade from Zacks Research

Grupo Supervielle (NYSE:SUPV – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Grupo Supervielle presently has an average rating of “Hold” and a consensus price target of $13.17.

Check Out Our Latest Analysis on SUPV

Grupo Supervielle Stock Down 1.2%

Shares of NYSE:SUPV opened at $5.75 on Monday. Grupo Supervielle has a fifty-two week low of $5.45 and a fifty-two week high of $12.63. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $7.36 and its 200-day simple moving average is $8.92. The company has a market cap of $503.21 million, a price-to-earnings ratio of -9.12 and a beta of 1.65.

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

Institutional Trading of Grupo Supervielle

Institutional investors have recently added to or reduced their stakes in the stock. Titan Global Capital Management USA LLC grew its position in Grupo Supervielle by 5.7% during the first quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock worth $912,000 after buying an additional 5,245 shares during the period. Engineers Gate Manager LP lifted its position in shares of Grupo Supervielle by 96.4% during the 2nd quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock valued at $892,000 after acquiring an additional 45,325 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Grupo Supervielle by 285.5% during the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after acquiring an additional 14,365 shares during the period.

About Grupo Supervielle

(Get Free Report)

Grupo Supervielle is an Argentina-based financial services holding company serving individuals, small and midsize businesses, and corporate clients. Its businesses provide banking and related services through a range of subsidiaries and brands. Its offerings include personal and commercial banking, deposits, loans, credit cards, payment services, consumer financing, insurance, investment brokerage, and asset management. Banco Supervielle is the group’s principal banking operation, alongside businesses focused on financial and investment services.

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Analyst Recommendations for Grupo Supervielle (NYSE:SUPV)

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