Credicorp Ltd. (BAP) Rating Lowered to Hold at HSBC
Credicorp Ltd. (NYSE:BAP) was downgraded by analysts at HSBC from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Several other research analysts also recently weighed in on BAP. Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $248.00 target price on shares of Credicorp in a research note on Monday, September 11th. Citigroup Inc. downgraded shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 29th. BidaskClub raised shares of Credicorp from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Finally, UBS AG set a $219.00 price target on shares of Credicorp and gave the company a “buy” rating in a report on Tuesday, August 15th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $224.25.
Credicorp (BAP) traded down $0.63 on Tuesday, reaching $201.09. 325,900 shares of the company’s stock traded hands, compared to its average volume of 278,437. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.04. Credicorp has a 12 month low of $146.03 and a 12 month high of $213.82. The stock has a market capitalization of $16,414.66, a P/E ratio of 15.01, a P/E/G ratio of 1.22 and a beta of 0.84.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. raised its holdings in Credicorp by 143.0% in the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after acquiring an additional 426 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Credicorp in the third quarter valued at $251,000. High Pointe Capital Management LLC acquired a new stake in Credicorp in the third quarter valued at $268,000. Blair William & Co. IL acquired a new stake in Credicorp in the second quarter valued at $239,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Credicorp in the second quarter valued at $247,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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