A number of other equities research analysts have also recently weighed in on BAP. Bank of America downgraded shares of Credicorp from a “neutral” rating to an “underperform” rating in a research note on Monday, February 11th. Zacks Investment Research lowered Credicorp from a “hold” rating to a “sell” rating in a report on Monday, December 24th. TheStreet upgraded Credicorp from a “c+” rating to a “b-” rating in a research report on Wednesday, January 23rd. ValuEngine downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, JPMorgan Chase & Co. cut Credicorp from an “overweight” rating to a “neutral” rating and upped their target price for the company from $232.00 to $240.00 in a research report on Monday, February 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Credicorp presently has an average rating of “Hold” and a consensus target price of $254.50.
BAP stock opened at $245.47 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.18. Credicorp has a twelve month low of $207.41 and a twelve month high of $252.49. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 1.16 and a beta of 0.74.
Credicorp (NYSE:BAP) last issued its earnings results on Wednesday, February 6th. The bank reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.95 by ($0.37). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.07 billion. Credicorp had a net margin of 25.05% and a return on equity of 17.24%. As a group, analysts predict that Credicorp will post 16.92 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in BAP. Federated Investors Inc. PA purchased a new position in Credicorp during the 3rd quarter worth $135,701,000. Norges Bank purchased a new position in Credicorp in the 4th quarter valued at $101,423,000. Bank of Nova Scotia grew its position in Credicorp by 27.7% in the 4th quarter. Bank of Nova Scotia now owns 826,880 shares of the bank’s stock valued at $183,295,000 after buying an additional 179,314 shares during the last quarter. Investec Asset Management LTD increased its stake in Credicorp by 65.8% in the 4th quarter. Investec Asset Management LTD now owns 235,781 shares of the bank’s stock valued at $52,266,000 after buying an additional 93,539 shares during the period. Finally, California Public Employees Retirement System increased its stake in Credicorp by 25.0% in the 4th quarter. California Public Employees Retirement System now owns 363,266 shares of the bank’s stock valued at $80,525,000 after buying an additional 72,570 shares during the period. Hedge funds and other institutional investors own 67.20% of the company’s stock.
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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