Credicorp (BAP) Upgraded to “Buy” by ValuEngine

Credicorp (NYSE:BAP) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Credicorp from a “hold” rating to a “buy” rating and set a $239.00 price target on the stock in a research note on Wednesday, January 3rd. HSBC downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Credicorp has an average rating of “Buy” and a consensus target price of $225.50.

Credicorp (NYSE:BAP) traded up $2.63 during trading on Tuesday, hitting $217.02. 112,082 shares of the stock were exchanged, compared to its average volume of 237,539. Credicorp has a twelve month low of $150.71 and a twelve month high of $237.99. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.04.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. increased its stake in Credicorp by 143.0% during the 2nd quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after buying an additional 426 shares during the period. Cerebellum GP LLC purchased a new stake in Credicorp during the 4th quarter worth approximately $134,000. Quantitative Systematic Strategies LLC purchased a new stake in Credicorp during the 3rd quarter worth approximately $251,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Credicorp during the 4th quarter worth approximately $251,000. Finally, High Pointe Capital Management LLC purchased a new stake in Credicorp during the 3rd quarter worth approximately $268,000. 65.66% of the stock is currently owned by hedge funds and other institutional investors.

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Credicorp Company Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Credicorp (NYSE:BAP)

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