Credicorp Ltd. (NYSE:BAP) Given Average Recommendation of “Hold” by Analysts

Credicorp Ltd. (NYSE:BAPGet Rating) has been given a consensus rating of “Hold” by the nine research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $138.00.

BAP has been the topic of a number of recent research reports. StockNews.com started coverage on shares of Credicorp in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Credicorp from a “strong sell” rating to a “buy” rating and set a $169.00 price target for the company in a report on Thursday, February 10th.

Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP purchased a new stake in Credicorp during the first quarter worth about $201,000. Marshall Wace North America L.P. bought a new position in Credicorp during the first quarter worth about $72,000. Victory Capital Management Inc. purchased a new position in shares of Credicorp in the third quarter worth about $1,882,000. Advisor Group Holdings Inc. raised its position in shares of Credicorp by 31.3% in the third quarter. Advisor Group Holdings Inc. now owns 3,028 shares of the bank’s stock valued at $326,000 after purchasing an additional 722 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Credicorp during the third quarter worth $308,000.

BAP stock opened at $125.87 on Tuesday. The stock has a market capitalization of $10.04 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 0.39 and a beta of 0.87. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $155.39 and a 200-day moving average price of $139.75. Credicorp has a 12 month low of $88.67 and a 12 month high of $182.11.

Credicorp (NYSE:BAPGet Rating) last issued its earnings results on Monday, February 7th. The bank reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.06). Credicorp had a return on equity of 10.44% and a net margin of 16.98%. The firm had revenue of $938.47 million during the quarter, compared to analyst estimates of $939.24 million. As a group, equities analysts predict that Credicorp will post 15.23 EPS for the current fiscal year.

About Credicorp (Get Rating)

Credicorp Ltd., a financial service 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.

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Analyst Recommendations for Credicorp (NYSE:BAP)

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