Intercorp Financial Services (NYSE:IFS) Upgraded to “Buy” at Wall Street Zen

Intercorp Financial Services (NYSE:IFS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Intercorp Financial Services currently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Intercorp Financial Services Price Performance

Intercorp Financial Services stock opened at $48.40 on Monday. The stock has a market capitalization of $5.54 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.39 and a beta of 0.83. Intercorp Financial Services has a 12-month low of $29.09 and a 12-month high of $52.58. The firm’s 50-day moving average is $46.83 and its two-hundred day moving average is $42.82.

Hedge Funds Weigh In On Intercorp Financial Services

A number of hedge funds have recently made changes to their positions in IFS. Caitong International Asset Management Co. Ltd grew its stake in shares of Intercorp Financial Services by 106.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock valued at $32,000 after buying an additional 384 shares during the period. Geode Capital Management LLC boosted its holdings in Intercorp Financial Services by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 23,608 shares of the company’s stock valued at $1,000,000 after acquiring an additional 1,274 shares during the last quarter. SG Americas Securities LLC grew its position in Intercorp Financial Services by 43.1% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after acquiring an additional 1,599 shares during the period. Blue Trust Inc. acquired a new stake in Intercorp Financial Services during the fourth quarter worth about $94,000. Finally, Employees Retirement System of Texas raised its holdings in shares of Intercorp Financial Services by 47.6% in the 4th quarter. Employees Retirement System of Texas now owns 9,761 shares of the company’s stock worth $413,000 after purchasing an additional 3,149 shares during the period.

Intercorp Financial Services Company Profile

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.