Credicorp (NYSE:BAP) Hits New 52-Week Low at $118.50

Credicorp Ltd. (NYSE:BAP)’s share price reached a new 52-week low on Friday . The stock traded as low as $118.50 and last traded at $119.58, with a volume of 9215 shares trading hands. The stock had previously closed at $119.36.

Analyst Ratings Changes

BAP has been the subject of several research analyst reports. StockNews.com began coverage on Credicorp in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Jefferies Financial Group initiated coverage on shares of Credicorp in a report on Monday, October 16th. They issued a “buy” rating and a $161.20 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Credicorp has a consensus rating of “Moderate Buy” and an average target price of $153.07.

Credicorp Trading Up 2.7 %

The company’s fifty day moving average is $128.78 and its two-hundred day moving average is $138.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.00. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 0.63 and a beta of 1.04.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, August 14th. The bank reported $3.88 earnings per share for the quarter, missing the consensus estimate of $4.38 by ($0.50). Credicorp had a return on equity of 15.02% and a net margin of 22.00%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.26 billion. On average, research analysts anticipate that Credicorp Ltd. will post 16.8 EPS for the current year.

Institutional Investors Weigh In On Credicorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its position in shares of Credicorp by 3.9% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 1,764 shares of the bank’s stock valued at $260,000 after buying an additional 67 shares in the last quarter. Pathstone Family Office LLC lifted its holdings in Credicorp by 2.8% in the 3rd quarter. Pathstone Family Office LLC now owns 2,682 shares of the bank’s stock valued at $329,000 after purchasing an additional 72 shares in the last quarter. US Bancorp DE lifted its holdings in Credicorp by 10.3% in the 1st quarter. US Bancorp DE now owns 919 shares of the bank’s stock valued at $122,000 after purchasing an additional 86 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Credicorp by 1.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 7,090 shares of the bank’s stock valued at $939,000 after purchasing an additional 90 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Credicorp by 3.1% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,031 shares of the bank’s stock valued at $479,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 70.05% of the company’s stock.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.