Credicorp Ltd. (NYSE:BAP) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give Credicorp an average recommendation of "Moderate Buy" from seven firms (four buys, three holds) with a 12‑month consensus target of $315.60; UBS raised its target to $408 and Goldman Sachs to $330 while Zacks trimmed its view to hold.
• Shares opened at $323.43 (52‑week range $191.70–$380.20) with a market cap of $30.53 billion and a P/E of 13.30; the company reported quarterly EPS of $5.91, a 24.53% net margin and a 20.43% return on equity.
• Institutional investors own about 89.81% of the stock, with several asset managers modestly increasing their positions in the most recent quarter.

Credicorp Ltd. (NYSE:BAP - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $315.60.

A number of research analysts recently issued reports on BAP shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Credicorp in a research note on Monday, December 29th. UBS Group lifted their price target on shares of Credicorp from $318.00 to $408.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Zacks Research downgraded shares of Credicorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 17th.

Credicorp Stock Down 0.1%

Shares of Credicorp stock opened at $323.43 on Monday. Credicorp has a 52-week low of $191.70 and a 52-week high of $380.20. The company has a 50 day moving average of $337.53 and a 200 day moving average of $305.65. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $30.53 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.72 and a beta of 0.93.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The company had revenue of $1.81 billion during the quarter. As a group, research analysts forecast that Credicorp will post 29.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. TD Asset Management Inc lifted its position in shares of Credicorp by 1.6% during the 4th quarter. TD Asset Management Inc now owns 1,853 shares of the bank's stock worth $532,000 after buying an additional 29 shares during the last quarter. Cigna Investments Inc. New lifted its position in shares of Credicorp by 2.8% during the 4th quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank's stock worth $336,000 after buying an additional 32 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Credicorp by 21.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 180 shares of the bank's stock worth $52,000 after buying an additional 32 shares during the last quarter. Perpetual Ltd lifted its position in shares of Credicorp by 0.5% during the 4th quarter. Perpetual Ltd now owns 6,418 shares of the bank's stock worth $1,842,000 after buying an additional 34 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Credicorp by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank's stock worth $2,916,000 after buying an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Company Profile

Credicorp Ltd. NYSE: BAP is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp's principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.

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