Credicorp Ltd. (NYSE:BAP) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $257.33.
Several brokerages recently issued reports on BAP. Zacks Investment Research raised Credicorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. JPMorgan Chase & Co. lowered Credicorp from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $232.00 to $240.00 in a research report on Monday, February 11th. ValuEngine raised Credicorp from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. UBS Group raised Credicorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 6th. Finally, TheStreet raised Credicorp from a “c+” rating to a “b-” rating in a research report on Wednesday, January 23rd.
Several hedge funds have recently bought and sold shares of BAP. Comerica Bank raised its position in shares of Credicorp by 7.8% in the 3rd quarter. Comerica Bank now owns 4,740 shares of the bank’s stock worth $1,034,000 after acquiring an additional 342 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Credicorp by 13.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,480 shares of the bank’s stock worth $553,000 after acquiring an additional 288 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Credicorp in the 3rd quarter worth about $10,407,000. Commonwealth Bank of Australia raised its position in shares of Credicorp by 9.5% in the 3rd quarter. Commonwealth Bank of Australia now owns 10,368 shares of the bank’s stock worth $2,309,000 after acquiring an additional 899 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Credicorp by 1.9% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 68,225 shares of the bank’s stock worth $15,220,000 after acquiring an additional 1,252 shares in the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:BAP opened at $248.19 on Friday. The firm has a market cap of $19.80 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.14 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.18 and a quick ratio of 1.16. Credicorp has a 12-month low of $207.41 and a 12-month high of $250.59.
Credicorp (NYSE:BAP) last announced its earnings results on Wednesday, February 6th. The bank reported $3.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.95 by ($0.37). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.07 billion. Credicorp had a return on equity of 17.24% and a net margin of 25.05%. Analysts expect that Credicorp will post 16.92 earnings per share for the current fiscal year.
Credicorp Company Profile
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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