Credicorp (NYSE:BAP)'s stock had its "hold" rating restated by analysts at HSBC in a note issued to investors on Tuesday, Benzinga reports. They currently have a $137.00 target price on the bank's stock. HSBC's price objective suggests a potential upside of 12.52% from the stock's current price.
A number of other analysts have also recently commented on BAP. Itau BBA Securities restated a "market perform" rating and issued a $195.00 price target on shares of Credicorp in a research report on Monday, April 19th. Zacks Investment Research upgraded Credicorp from a "sell" rating to a "hold" rating in a research report on Tuesday, April 20th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $130.00 target price on shares of Credicorp in a research report on Monday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered Credicorp from a "buy" rating to a "neutral" rating in a research note on Monday, April 12th. Finally, Smith Barney Citigroup downgraded Credicorp from a "buy" rating to a "neutral" rating in a report on Wednesday, January 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus target price of $153.63.
Shares of BAP opened at $121.76 on Tuesday. The company has a market cap of $9.71 billion, a PE ratio of 48.70, a price-to-earnings-growth ratio of 5.51 and a beta of 0.95. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $142.24 and a 200-day moving average price of $147.10. Credicorp has a 12-month low of $110.47 and a 12-month high of $172.12.
Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, February 8th. The bank reported $2.28 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.80 by $0.48. The company had revenue of $944.10 million for the quarter, compared to analysts' expectations of $1.05 billion. Credicorp had a return on equity of 2.76% and a net margin of 4.18%. As a group, analysts predict that Credicorp will post 0.81 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new stake in shares of Credicorp in the first quarter valued at approximately $4,423,000. Royal London Asset Management Ltd. grew its position in shares of Credicorp by 4.3% in the first quarter. Royal London Asset Management Ltd. now owns 25,496 shares of the bank's stock valued at $3,482,000 after purchasing an additional 1,056 shares in the last quarter. Confluence Investment Management LLC grew its position in shares of Credicorp by 5.7% in the first quarter. Confluence Investment Management LLC now owns 1,518 shares of the bank's stock valued at $207,000 after purchasing an additional 82 shares in the last quarter. Dumac Inc. purchased a new stake in shares of Credicorp in the fourth quarter valued at approximately $562,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Credicorp by 18.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 23,572 shares of the bank's stock valued at $3,741,000 after acquiring an additional 3,684 shares during the last quarter. Institutional investors own 65.74% of the company's stock.
Credicorp Company Profile
Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
See Also: How to use beta for portfolio diversification
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: Cash Asset Ratio7 Penny Stocks That Don’t Care About Robinhood
By the time you read this Vladimir Tenev, the CEO of the trading app Robinhood, will be testifying in front of Congress. The company’s role in the GameStop (NYSE:GME) short squeeze will be called into question.
However, the real issue at stake is the right of traders to buy and sell the equities of their choice. In the case of Robinhood, some traders are buying a lot of penny stocks. While definitions vary, penny stocks are generally considered stocks that are trading for less than $10 per share. These stocks are largely ignored by the investment community.
One reason is that many of these stocks are cheap for a reason. For example, the company may have a business model that is out of date. In other cases, they operate in a very small, niche market that doesn’t drive a lot of revenue.
And most of these stocks are ignored by the investment community. They simply aren’t considered significant enough to spend time debating.
But some penny stocks do have the attention of Wall Street. And they’re being largely ignored by the day trading community. The focus of this special presentation is to direct you to penny stocks that have a story that the “smart money” thinks will eventually be trading at much higher prices.
And that’s why you should be looking at them now.
View the "7 Penny Stocks That Don’t Care About Robinhood"