Credicorp Ltd. (NYSE:BAP) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Credicorp Ltd. (NYSE:BAP - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $250.00.

Several brokerages have recently issued reports on BAP. Weiss Ratings reiterated a "buy (b)" rating on shares of Credicorp in a research note on Saturday, September 27th. The Goldman Sachs Group raised Credicorp from a "sell" rating to a "neutral" rating and upped their price objective for the company from $174.00 to $225.00 in a research report on Thursday, July 24th. Wall Street Zen raised Credicorp from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Zacks Research raised Credicorp from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. Finally, Hsbc Global Res raised Credicorp to a "hold" rating in a report on Friday, September 5th.

Credicorp Trading Up 0.7%

NYSE:BAP opened at $264.48 on Thursday. Credicorp has a one year low of $165.51 and a one year high of $280.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08. The company's 50-day simple moving average is $257.52 and its 200 day simple moving average is $224.48. The firm has a market capitalization of $21.04 billion, a P/E ratio of 12.53, a PEG ratio of 0.71 and a beta of 1.11.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BAP. Norges Bank bought a new position in Credicorp in the second quarter valued at about $110,945,000. Nuveen LLC purchased a new position in Credicorp during the first quarter valued at $77,577,000. Millennium Management LLC lifted its position in Credicorp by 853.1% during the first quarter. Millennium Management LLC now owns 319,076 shares of the bank's stock valued at $59,399,000 after purchasing an additional 285,597 shares in the last quarter. Bank of America Corp DE increased its position in Credicorp by 125.5% in the second quarter. Bank of America Corp DE now owns 491,046 shares of the bank's stock worth $109,759,000 after buying an additional 273,305 shares in the last quarter. Finally, Altrinsic Global Advisors LLC increased its position in Credicorp by 125.8% in the second quarter. Altrinsic Global Advisors LLC now owns 474,565 shares of the bank's stock worth $106,075,000 after buying an additional 264,358 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

About Credicorp

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.

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