Credicorp (NYSE:BAP - Get Free Report)'s stock had its "buy (b+)" rating reissued by research analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.
A number of other brokerages have also weighed in on BAP. The Goldman Sachs Group upgraded shares of Credicorp from a "sell" rating to a "neutral" rating and boosted their target price for the company from $174.00 to $225.00 in a research note on Thursday, July 24th. Hsbc Global Res upgraded Credicorp to a "hold" rating in a research note on Friday, September 5th. HSBC lowered Credicorp from a "buy" rating to a "hold" rating and upped their price objective for the stock from $225.00 to $255.00 in a research note on Friday, September 5th. Zacks Research raised shares of Credicorp from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. Finally, UBS Group upped their target price on shares of Credicorp from $257.00 to $318.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $250.00.
Get Our Latest Stock Report on BAP
Credicorp Stock Down 0.5%
Credicorp stock traded down $1.38 during trading hours on Tuesday, hitting $256.62. 165,062 shares of the stock traded hands, compared to its average volume of 322,515. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49. The firm's 50-day moving average price is $258.71 and its two-hundred day moving average price is $226.32. Credicorp has a one year low of $165.51 and a one year high of $280.88. The company has a market cap of $20.41 billion, a PE ratio of 12.15, a PEG ratio of 0.69 and a beta of 1.11.
Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.51. Credicorp had a return on equity of 17.94% and a net margin of 23.22%.The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.52 billion. On average, research analysts forecast that Credicorp will post 21.9 EPS for the current year.
Hedge Funds Weigh In On Credicorp
A number of institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its position in shares of Credicorp by 0.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,032,656 shares of the bank's stock worth $564,559,000 after acquiring an additional 7,692 shares during the period. Royal Bank of Canada increased its holdings in Credicorp by 0.9% during the first quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank's stock valued at $315,724,000 after buying an additional 14,852 shares during the period. JPMorgan Chase & Co. increased its holdings in Credicorp by 4.2% during the second quarter. JPMorgan Chase & Co. now owns 1,650,293 shares of the bank's stock valued at $368,873,000 after buying an additional 67,249 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Credicorp by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,343,531 shares of the bank's stock valued at $250,112,000 after buying an additional 13,592 shares during the period. Finally, State Street Corp increased its holdings in Credicorp by 1.6% during the second quarter. State Street Corp now owns 1,197,536 shares of the bank's stock valued at $267,673,000 after buying an additional 19,361 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.
About Credicorp
(
Get Free Report)
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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