Credicorp Ltd. (NYSE:BAP) Receives Consensus Recommendation of “Hold” from Analysts

Credicorp Ltd. (NYSE:BAPGet Rating) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One investment 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 1-year target price among brokerages that have covered the stock in the last year is $138.00.

A number of research firms recently commented on BAP. StockNews.com began coverage on Credicorp in a report on Thursday, March 31st. They set a “hold” rating for the company. 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.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Credicorp by 4.3% during the fourth quarter. BlackRock Inc. now owns 5,558,624 shares of the bank’s stock worth $678,542,000 after acquiring an additional 227,111 shares during the last quarter. Dodge & Cox raised its position in shares of Credicorp by 3.1% in the fourth quarter. Dodge & Cox now owns 5,556,977 shares of the bank’s stock valued at $678,340,000 after buying an additional 165,531 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Credicorp by 40.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,896,911 shares of the bank’s stock valued at $353,628,000 after buying an additional 834,740 shares in the last quarter. Westwood Global Investments LLC raised its position in shares of Credicorp by 10.7% in the third quarter. Westwood Global Investments LLC now owns 1,668,732 shares of the bank’s stock valued at $185,129,000 after buying an additional 161,008 shares in the last quarter. Finally, Ariel Investments LLC raised its position in shares of Credicorp by 21.6% in the fourth quarter. Ariel Investments LLC now owns 1,532,363 shares of the bank’s stock valued at $187,056,000 after buying an additional 271,734 shares in the last quarter.

Shares of NYSE BAP opened at $125.87 on Tuesday. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.39 and a beta of 0.87. The business has a 50-day moving average of $155.39 and a 200-day moving average of $139.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01. Credicorp has a fifty-two week low of $88.67 and a fifty-two week high of $182.11.

Credicorp (NYSE:BAPGet Rating) last announced its quarterly earnings data on Monday, February 7th. The bank reported $3.30 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.06). The company had revenue of $938.47 million during the quarter, compared to the consensus estimate of $939.24 million. Credicorp had a net margin of 16.98% and a return on equity of 10.44%. On average, sell-side analysts expect that Credicorp will post 15.23 EPS for the current year.

Credicorp Company Profile (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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