Credicorp Ltd. (NYSE:BAP) Receives Average Recommendation of “Moderate Buy” from Analysts

Credicorp Ltd. (NYSE:BAP) has been given an average rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $297.60.

A number of analysts recently issued reports on BAP shares. Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 29th. Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. The Goldman Sachs Group boosted their target price on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th.

Hedge Funds Weigh In On Credicorp

Several hedge funds have recently bought and sold shares of BAP. Brown Brothers Harriman & Co. acquired a new stake in shares of Credicorp in the third quarter worth about $35,000. Kestra Advisory Services LLC acquired a new position in shares of Credicorp during the 4th quarter valued at about $42,000. Spire Wealth Management bought a new position in shares of Credicorp in the 3rd quarter valued at approximately $42,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Credicorp in the 4th quarter worth approximately $46,000. Finally, Raymond James Financial Inc. acquired a new stake in Credicorp in the 2nd quarter worth approximately $38,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Trading Up 0.8%

Shares of BAP opened at $342.01 on Thursday. The business’s 50-day moving average price is $342.23 and its 200 day moving average price is $296.56. The stock has a market capitalization of $27.20 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.76 and a beta of 0.87. Credicorp has a 1-year low of $165.51 and a 1-year high of $380.20. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Credicorp (NYSE:BAP) last announced its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The company had revenue of $1.81 billion for the quarter. Analysts expect that Credicorp will post 21.9 earnings per share for the current year.

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.