Credicorp Ltd. (NYSE:BAP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Credicorp Ltd. (NYSE:BAP) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $276.60.

A number of equities research analysts have commented on the company. Hsbc Global Res upgraded Credicorp to a “hold” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. raised 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 15th. Wall Street Zen downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group boosted their price target on shares of Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a report on Tuesday, September 16th.

Credicorp Price Performance

Shares of NYSE:BAP opened at $288.25 on Tuesday. The company’s fifty day moving average is $262.06 and its two-hundred day moving average is $249.84. The company has a market cap of $22.93 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.72 and a beta of 0.90. Credicorp has a 12-month low of $165.51 and a 12-month high of $292.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63.

Credicorp (NYSE:BAP) last issued its earnings results on Thursday, November 13th. The bank reported $6.17 EPS for the quarter, topping the consensus estimate of $6.05 by $0.12. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Credicorp had a return on equity of 19.50% and a net margin of 23.59%. Equities analysts expect that Credicorp will post 21.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Credicorp by 7.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,038,098 shares of the bank’s stock valued at $808,985,000 after buying an additional 223,497 shares in the last quarter. Royal Bank of Canada grew its position in Credicorp by 0.9% in the first quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank’s stock worth $315,724,000 after acquiring an additional 14,852 shares in the last quarter. JPMorgan Chase & Co. grew its position in Credicorp by 4.2% in the second quarter. JPMorgan Chase & Co. now owns 1,650,293 shares of the bank’s stock worth $368,873,000 after acquiring an additional 67,249 shares in the last quarter. Capital World Investors acquired a new position in shares of Credicorp during the 3rd quarter worth $434,014,000. Finally, Invesco Ltd. raised its holdings in shares of Credicorp by 27.4% during the 3rd quarter. Invesco Ltd. now owns 1,349,408 shares of the bank’s stock valued at $359,320,000 after purchasing an additional 290,585 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.