UBS Group Initiates Coverage on Grupo Supervielle (NYSE:SUPV)
UBS Group has initiated coverage on Grupo Supervielle with a "neutral" rating and a $13.00 price target, indicating a potential upside of 19.61%. Other analysts have mixed ratings, with some upgrading to "buy" and others downgrading to "sell." Grupo Supervielle's stock opened at $10.87, with a market cap of $962.28 million. Institutional investors have recently modified their holdings in the company.
Equities researchers at UBS Group assumed coverage on shares of Grupo Supervielle (NYSE:SUPV - Get Free Report) in a report issued on Wednesday. The brokerage set a "neutral" rating and a $13.00 price target on the stock. UBS Group's price objective indicates a potential upside of 19.61% from the company's previous close.
Several other equities analysts also recently issued reports on SUPV. Weiss Ratings restated a "hold (c-)" rating on shares of Grupo Supervielle in a report on Thursday, November 13th. Citigroup raised Grupo Supervielle from a "neutral" rating to a "buy" rating in a report on Monday, November 3rd. JPMorgan Chase & Co. raised Grupo Supervielle from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $5.00 to $12.00 in a research note on Tuesday, October 28th. Finally, Wall Street Zen downgraded Grupo Supervielle from a "hold" rating to a "sell" rating in a research report on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold 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 $14.67.
Get Grupo Supervielle alerts:
View Our Latest Analysis on Grupo Supervielle
Grupo Supervielle Trading Up 0.8%
NYSE:SUPV opened at $10.87 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $962.28 million, a P/E ratio of 16.62, a P/E/G ratio of 23.32 and a beta of 1.65. Grupo Supervielle has a one year low of $4.54 and a one year high of $19.75. The firm has a 50-day simple moving average of $7.72 and a 200-day simple moving average of $10.01.
Institutional Investors Weigh In On Grupo Supervielle
Institutional investors have recently modified their holdings of the company. Sparta 24 Ltd. purchased a new stake in Grupo Supervielle during the 2nd quarter worth about $27,000. LJI Wealth Management LLC purchased a new position in Grupo Supervielle during the 3rd quarter worth $57,000. Schonfeld Strategic Advisors LLC acquired a new position in Grupo Supervielle in the 3rd quarter valued at about $91,000. Centiva Capital LP purchased a new stake in shares of Grupo Supervielle during the third quarter worth approximately $101,000. Finally, Cetera Investment Advisers purchased a new position in Grupo Supervielle during the 1st quarter worth $268,000.
About Grupo Supervielle
(Get Free Report)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.
Read More
- Five stocks we like better than Grupo Supervielle
- Consumer Staples Stocks, Explained
- Buyer Beware: Carvana Is Driving an Auto Lending Crisis
- Earnings Per Share Calculator: How to Calculate EPS
- Healthcare Rotation Underway: 3 Stocks Leading the Charge
- Canadian Penny Stocks: Can They Make You Rich?
- Medtronic Stock Finds Its Footing—Now It’s Gaining Momentum
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Grupo Supervielle Right Now?
Before you consider Grupo Supervielle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Supervielle wasn't on the list.
While Grupo Supervielle currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
