Published On: Wed, Sep 7th, 2016

Zacks: Grupo Supervielle SA -ADR (NASDAQ:SUPV) Receives Average Rating of “Strong Buy” from Analysts

Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price target of $15.50 for the company and are expecting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given Grupo Supervielle SA -ADR an industry rank of 55 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently issued reports on SUPV. Zacks Investment Research downgraded Grupo Supervielle SA -ADR from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st. Raymond James Financial began coverage on Grupo Supervielle SA -ADR in a research report on Tuesday, July 19th. They set an “outperform” rating and a $17.00 price objective for the company. Morgan Stanley restated an “overweight” rating and set a $16.00 price objective on shares of Grupo Supervielle SA -ADR in a research report on Monday, June 13th. Finally, Bank of America Corp. began coverage on Grupo Supervielle SA -ADR in a research report on Monday, June 13th. They set a “buy” rating for the company.

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Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) traded up 1.32% during midday trading on Wednesday, hitting $14.55. The stock had a trading volume of 29,457 shares. Grupo Supervielle SA -ADR has a 52 week low of $10.00 and a 52 week high of $14.64. The company’s 50 day moving average is $13.49 and its 200 day moving average is $12.81. The firm has a market cap of $5.29 billion and a P/E ratio of 40.30.
Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.
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