After Today’s Significant Increase, Is Grupo Supervielle SA -ADR (SUPV)’s Near-Term Analysis Positive?

September 17, 2017 - By Louis Casey

The stock of Grupo Supervielle SA -ADR (NYSE:SUPV) is a huge mover today! The stock increased 5.16% or $1.11 on September 15, reaching $22.63. About 2.02M shares traded or 269.65% up from the average. Grupo Supervielle SA -ADR (NYSE:SUPV) has risen 46.43% since September 17, 2016 and is uptrending. It has outperformed by 29.73% the S&P500.
The move comes after 5 months positive chart setup for the $1.44B company. It was reported on Sep, 17 by Barchart.com. We have $24.44 PT which if reached, will make NYSE:SUPV worth $115.20M more.

Wall Street await Grupo Supervielle SA -ADR (NYSE:SUPV) to release earnings on November, 9. Analysts forecast earnings per share of $0.46, up exactly $0.06 or 15.00 % from 2014’s $0.4 EPS. The expected SUPV’s profit could reach $29.27M giving the stock 12.30 P/E in the case that $0.46 earnings per share is reported. After posting $0.51 EPS for the previous quarter, Grupo Supervielle SA -ADR’s analysts now forecast -9.80 % negative EPS growth.

More notable recent Grupo Supervielle SA -ADR (NYSE:SUPV) news were published by: Businesswire.com which released: “Grupo Supervielle SA Announces Pricing of Follow-on Equity Offering” on September 13, 2017, also Businesswire.com with their article: “Grupo Supervielle SA Announces Exercise of Option to Purchase Additional …” published on September 15, 2017, Streetinsider.com published: “Grupo Supervielle SA (SUPV) Announces 103M Class B Follow-On Share Offering” on August 25, 2017. More interesting news about Grupo Supervielle SA -ADR (NYSE:SUPV) were released by: Businesswire.com and their article: “Grupo Supervielle SA Announces Closing of Initial Public Offering” published on May 24, 2016 as well as Businesswire.com‘s news article titled: “Grupo Supervielle SA Announces Receipt of Termination Notice from Province of …” with publication date: January 18, 2017.

Grupo Supervielle SA is an Argentina holding firm primarily engaged in the financial sector. The company has market cap of $1.44 billion. The Firm 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. It has a 14.48 P/E ratio.

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