Intercorp Financial Services (NYSE:IFS) Upgraded at Wall Street Zen

Intercorp Financial Services (NYSE:IFS) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Intercorp Financial Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Intercorp Financial Services Stock Performance

Shares of IFS stock opened at $47.53 on Friday. The firm has a market cap of $5.44 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.40 and a beta of 0.84. The firm’s 50 day moving average price is $45.27 and its 200-day moving average price is $41.89. Intercorp Financial Services has a one year low of $29.09 and a one year high of $52.58.

Hedge Funds Weigh In On Intercorp Financial Services

Several institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in Intercorp Financial Services by 106.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock worth $32,000 after purchasing an additional 384 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Intercorp Financial Services during the fourth quarter worth approximately $94,000. SG Americas Securities LLC raised its holdings in Intercorp Financial Services by 43.1% in the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after acquiring an additional 1,599 shares in the last quarter. Centiva Capital LP acquired a new stake in Intercorp Financial Services in the third quarter valued at approximately $216,000. Finally, Pinnacle Associates Ltd. purchased a new position in Intercorp Financial Services in the third quarter worth approximately $275,000.

About Intercorp Financial Services

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.