Credicorp Ltd. (NYSE:BAP) Receives $265.17 Consensus Price Target from Analysts

Credicorp Ltd. (NYSE:BAP) has earned an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $265.1667.

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Credicorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Citigroup raised their target price on shares of Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research note on Monday, November 24th. JPMorgan Chase & Co. upped their price target on shares of Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, HSBC downgraded Credicorp from a “buy” rating to a “hold” rating and raised their price objective for the company from $225.00 to $255.00 in a report on Friday, September 5th.

Credicorp Stock Up 0.5%

NYSE BAP opened at $257.21 on Friday. The business has a fifty day moving average price of $258.22 and a two-hundred day moving average price of $242.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08. Credicorp has a fifty-two week low of $165.51 and a fifty-two week high of $280.88. The stock has a market capitalization of $20.46 billion, a PE ratio of 12.19, a PEG ratio of 0.71 and a beta of 1.09.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.05 by $0.12. Credicorp had a return on equity of 17.94% and a net margin of 23.22%.The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.71 billion. Equities analysts expect that Credicorp will post 21.9 earnings per share for the current fiscal year.

Institutional Trading of Credicorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthquest Corp bought a new position in Credicorp in the 1st quarter valued at approximately $728,000. R Squared Ltd grew its holdings in Credicorp by 233.0% during the 1st quarter. R Squared Ltd now owns 3,130 shares of the bank’s stock worth $583,000 after acquiring an additional 2,190 shares during the last quarter. Bank of Nova Scotia increased its position in Credicorp by 21.8% in the 1st quarter. Bank of Nova Scotia now owns 867,347 shares of the bank’s stock valued at $161,465,000 after acquiring an additional 155,162 shares during the period. BIT Capital GmbH increased its position in Credicorp by 12.3% in the 1st quarter. BIT Capital GmbH now owns 9,776 shares of the bank’s stock valued at $1,820,000 after acquiring an additional 1,071 shares during the period. Finally, Raiffeisen Bank International AG raised its stake in shares of Credicorp by 2.7% during the first quarter. Raiffeisen Bank International AG now owns 19,130 shares of the bank’s stock valued at $3,600,000 after acquiring an additional 500 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Company Profile

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.