Grupo Supervielle (NYSE:SUPV) Rating Lowered to “Underweight” at JPMorgan Chase & Co.

Grupo Supervielle (NYSE:SUPV) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Wednesday, MarketBeat Ratings reports. They currently have a $5.00 price target on the stock, down from their previous price target of $15.00. JPMorgan Chase & Co.‘s price target points to a potential downside of 26.98% from the company’s current price.

Several other brokerages also recently commented on SUPV. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Supervielle in a research note on Wednesday, October 8th. Citigroup cut 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Supervielle has an average rating of “Hold” and an average target price of $12.00.

Grupo Supervielle Stock Up 13.4%

SUPV opened at $6.85 on Wednesday. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $19.75. The company has a market cap of $606.16 million, a PE ratio of 10.37, a price-to-earnings-growth ratio of 12.23 and a beta of 1.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $6.61 and a 200 day moving average of $10.47.

Grupo Supervielle (NYSE:SUPV) last posted 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). Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%.The company had revenue of $210.52 million for the quarter, compared to analysts’ expectations of $283.67 billion. On average, sell-side analysts expect that Grupo Supervielle will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently bought and sold shares of SUPV. Sparta 24 Ltd. bought a new stake in Grupo Supervielle during the second quarter valued at approximately $27,000. GAMMA Investing LLC raised its position in shares of Grupo Supervielle by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company’s stock valued at $104,000 after buying an additional 737 shares in the last quarter. GAM Holding AG bought a new stake in shares of Grupo Supervielle during the 3rd quarter worth $248,000. Cetera Investment Advisers purchased a new position in Grupo Supervielle in the first quarter worth $268,000. Finally, Itau Unibanco Holding S.A. bought a new position in Grupo Supervielle in the first quarter valued at $357,000.

About Grupo Supervielle

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.