Credicorp Ltd. (NYSE:BAP) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Credicorp has a “Moderate Buy” consensus rating from seven analysts, with five buy ratings and two holds. The average 12-month price target is $431.80, implying upside from the reported $384.08 share price.
• Recent analyst actions were generally positive: JPMorgan upgraded the stock to overweight with a $482 target, while UBS raised its target to $473 and maintained a buy rating. Goldman Sachs raised its target to $374 but kept a neutral rating.
• Institutional investors and hedge funds own 89.81% of Credicorp. The stock was down 1.6% in the reported session and trades at a P/E ratio of 14.23.

Shares of Credicorp Ltd. (NYSE:BAP - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $431.80.

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Credicorp from $329.00 to $374.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. JPMorgan Chase & Co. upgraded Credicorp from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $453.00 to $482.00 in a research note on Wednesday, September 16th. UBS Group boosted their target price on Credicorp from $412.00 to $473.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Finally, Weiss Ratings raised Credicorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, October 9th.

Institutional Investors Weigh In On Credicorp

Several institutional investors have recently made changes to their positions in BAP. GAMMA Investing LLC increased its stake in shares of Credicorp by 33.7% in the third quarter. GAMMA Investing LLC now owns 111 shares of the bank's stock valued at $42,000 after buying an additional 28 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Credicorp by 42.9% in the second quarter. Allworth Financial LP now owns 170 shares of the bank's stock valued at $66,000 after buying an additional 51 shares during the last quarter. Confluence Investment Management LLC lifted its position in Credicorp by 6.9% during the 2nd quarter. Confluence Investment Management LLC now owns 946 shares of the bank's stock worth $369,000 after buying an additional 61 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Credicorp during the 2nd quarter worth about $25,000. Finally, Summitry LLC lifted its position in Credicorp by 5.0% during the 1st quarter. Summitry LLC now owns 1,397 shares of the bank's stock worth $474,000 after buying an additional 66 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Trading Down 1.6%

Credicorp stock opened at $384.08 on Tuesday. Credicorp has a 12 month low of $230.45 and a 12 month high of $413.24. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The stock has a market cap of $36.25 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.76 and a beta of 0.92. The company's fifty day simple moving average is $379.76 and its 200-day simple moving average is $365.83.

About Credicorp

Credicorp Ltd. NYSE: BAP is a Peru-based financial services holding company whose businesses provide banking, insurance, investment management and pension services. Its principal subsidiary is Banco de Crédito del Perú (BCP), one of Peru's largest banks, which serves individual, business and corporate customers through deposits, lending, payments, treasury and other financial products.

Credicorp also operates Mibanco, a financial institution focused on microfinance and small businesses, and Pacífico Seguros, which offers life, health, property and casualty insurance.

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.