Credicorp’s (BAP) “Buy (B+)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their buy (b+) rating on shares of Credicorp (NYSE:BAPFree Report) in a research report report published on Tuesday morning,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on the company. Citigroup raised their target price on Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. HSBC cut Credicorp from a “buy” rating to a “hold” rating and increased their price target for the company from $225.00 to $255.00 in a research note on Friday, September 5th. Hsbc Global Res upgraded Credicorp to a “hold” rating in a research note on Friday, September 5th. Wall Street Zen upgraded Credicorp from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Finally, UBS Group increased their price target on Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.00.

Get Our Latest Analysis on Credicorp

Credicorp Trading Down 1.6%

Shares of BAP stock opened at $253.94 on Tuesday. The stock’s fifty day moving average price is $258.97 and its two-hundred day moving average price is $226.51. The company has a market cap of $20.20 billion, a PE ratio of 12.04, a P/E/G ratio of 0.70 and a beta of 1.11. Credicorp has a fifty-two week low of $165.51 and a fifty-two week high of $280.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08.

Credicorp (NYSE:BAPGet Free Report) last issued its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, beating analysts’ consensus estimates of $5.73 by $0.51. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.52 billion. Credicorp had a return on equity of 17.94% and a net margin of 23.22%. Equities analysts predict that Credicorp will post 21.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SVB Wealth LLC bought a new position in Credicorp during the 1st quarter worth $35,000. MAI Capital Management raised its position in Credicorp by 5,300.0% during the 2nd quarter. MAI Capital Management now owns 162 shares of the bank’s stock worth $36,000 after purchasing an additional 159 shares during the last quarter. Raymond James Financial Inc. bought a new position in Credicorp during the 2nd quarter worth $38,000. Cullen Frost Bankers Inc. bought a new position in Credicorp during the 1st quarter worth $40,000. Finally, Farther Finance Advisors LLC raised its position in Credicorp by 2,170.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the bank’s stock worth $44,000 after purchasing an additional 217 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

About Credicorp

(Get Free Report)

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.

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Analyst Recommendations for Credicorp (NYSE:BAP)

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