Intercorp Financial Services (NYSE:IFS) Price Target Raised to $48.00 at JPMorgan Chase & Co.

Intercorp Financial Services (NYSE:IFS) had its price objective lifted by JPMorgan Chase & Co. from $42.00 to $48.00 in a report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently weighed in on IFS. Wall Street Zen downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research lowered Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Monday, December 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Intercorp Financial Services currently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Intercorp Financial Services Stock Down 0.5%

Shares of NYSE IFS opened at $41.35 on Tuesday. The firm has a fifty day simple moving average of $40.91 and a two-hundred day simple moving average of $39.12. Intercorp Financial Services has a 12 month low of $28.11 and a 12 month high of $43.67. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $4.73 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.36 and a beta of 0.86.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.04). Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. The company had revenue of $452.42 million for the quarter, compared to analysts’ expectations of $441.08 million. Equities analysts expect that Intercorp Financial Services will post 4.23 earnings per share for the current year.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp purchased 20,113 shares of the stock in a transaction dated Wednesday, September 24th. The stock was purchased at an average price of $19.64 per share, with a total value of $395,019.32. Following the transaction, the insider directly owned 3,093,612 shares in the company, valued at $60,758,539.68. This trade represents a 0.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Intercorp Financial Services

A number of institutional investors and hedge funds have recently modified their holdings of the business. Centiva Capital LP bought a new position in shares of Intercorp Financial Services during the third quarter valued at $216,000. Pinnacle Associates Ltd. bought a new stake in Intercorp Financial Services in the 3rd quarter worth about $275,000. Allianz Asset Management GmbH purchased a new position in Intercorp Financial Services in the 2nd quarter worth about $283,000. Dynamic Technology Lab Private Ltd bought a new position in Intercorp Financial Services during the 3rd quarter valued at about $325,000. Finally, Jane Street Group LLC bought a new position in Intercorp Financial Services during the 1st quarter valued at about $287,000.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.