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

Credicorp Ltd. (NYSE:BAP) has received an average recommendation of “Buy” from the four brokerages that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is $181.73.

BAP has been the topic of a number of recent research reports. UBS Group dropped their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. JPMorgan Chase & Co. raised their price target on Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th.

Institutional Investors Weigh In On Credicorp

Several institutional investors have recently added to or reduced their stakes in BAP. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Credicorp in the first quarter worth about $1,340,000. PNC Financial Services Group Inc. raised its stake in shares of Credicorp by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock worth $179,000 after purchasing an additional 173 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Credicorp in the first quarter worth about $234,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Credicorp in the first quarter worth about $468,000. Finally, Yousif Capital Management LLC raised its stake in shares of Credicorp by 40.2% in the first quarter. Yousif Capital Management LLC now owns 4,084 shares of the bank’s stock worth $702,000 after purchasing an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of BAP stock opened at $164.96 on Friday. Credicorp has a 1-year low of $116.42 and a 1-year high of $179.53. The stock’s 50-day moving average is $169.53 and its 200 day moving average is $147.84. The company has a market cap of $13.12 billion, a P/E ratio of 10.55, a PEG ratio of 0.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. Research analysts predict that Credicorp will post 18.4 earnings per share for the current fiscal year.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.