Credicorp Ltd. (NYSE:BAP) Given Consensus Rating of "Hold" by Analysts

Key Points

• Credicorp Ltd. has received a consensus recommendation of "Hold" from seven research firms, with four analysts suggesting a hold rating and three a buy rating.
• The average twelve-month price target for Credicorp's stock among brokerages is $239.83 following recent adjustments by multiple analysts, including HSBC and Citigroup.
• Credicorp recently reported an earnings per share of $6.24 for the quarter, exceeding the consensus estimate of $5.73, with revenue also beating expectations at $1.58 billion.

Shares of Credicorp Ltd. (NYSE:BAP - Get Free Report) have received an average recommendation of "Hold" from the seven analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $250.00.

BAP has been the subject of several analyst reports. Citigroup increased their price target on shares of Credicorp from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. The Goldman Sachs Group raised shares of Credicorp from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $174.00 to $225.00 in a report on Thursday, July 24th. HSBC cut shares of Credicorp from a "buy" rating to a "hold" rating and boosted their target price for the company from $225.00 to $255.00 in a research report on Friday, September 5th. Wall Street Zen upgraded Credicorp from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Finally, UBS Group raised their price objective on Credicorp from $257.00 to $318.00 and gave the company a "buy" rating in a report on Tuesday.

Hedge Funds Weigh In On Credicorp

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Credicorp during the second quarter valued at approximately $110,945,000. Nuveen LLC bought a new stake in Credicorp during the 1st quarter worth about $77,577,000. Millennium Management LLC raised its holdings in Credicorp by 853.1% in the 1st quarter. Millennium Management LLC now owns 319,076 shares of the bank's stock valued at $59,399,000 after acquiring an additional 285,597 shares during the period. Bank of America Corp DE boosted its position in shares of Credicorp by 125.5% during the 2nd quarter. Bank of America Corp DE now owns 491,046 shares of the bank's stock worth $109,759,000 after acquiring an additional 273,305 shares in the last quarter. Finally, Altrinsic Global Advisors LLC lifted its holdings in shares of Credicorp by 125.8% during the second quarter. Altrinsic Global Advisors LLC now owns 474,565 shares of the bank's stock worth $106,075,000 after purchasing an additional 264,358 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Price Performance

Shares of Credicorp stock traded down $3.04 during trading on Friday, hitting $258.87. 85,636 shares of the stock traded hands, compared to its average volume of 323,693. The stock has a market cap of $20.59 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.77 and a beta of 1.12. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. The firm's fifty day moving average is $247.68 and its 200-day moving average is $216.97. Credicorp has a 52 week low of $165.51 and a 52 week high of $280.88.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, topping the consensus estimate of $5.73 by $0.51. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. Credicorp had a return on equity of 17.94% and a net margin of 23.22%. Research analysts expect that Credicorp will post 21.9 EPS for the current fiscal year.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.