Credicorp (NYSE:BAP) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other equities research analysts have also recently commented on BAP. Zacks Investment Research cut shares of Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. cut shares of Credicorp from a “buy” rating to a “hold” rating in a report on Monday, November 13th. HSBC cut shares of Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, cut shares of Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $225.50.

Shares of Credicorp (NYSE BAP) traded up $2.63 during trading hours on Tuesday, hitting $217.02. 112,082 shares of the stock were exchanged, compared to its average volume of 237,539. Credicorp has a 1-year low of $150.71 and a 1-year high of $237.99. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.22 and a quick ratio of 1.22.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerebellum GP LLC purchased a new position in Credicorp during the fourth quarter worth about $134,000. Advisor Group Inc. raised its holdings in Credicorp by 143.0% during the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after purchasing an additional 426 shares in the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new position in Credicorp during the fourth quarter worth about $251,000. Quantitative Systematic Strategies LLC purchased a new position in Credicorp during the third quarter worth about $251,000. Finally, High Pointe Capital Management LLC purchased a new position in Credicorp during the third quarter worth about $268,000. 65.66% of the stock is owned by hedge funds and other institutional investors.

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About Credicorp

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Credicorp (NYSE:BAP)

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