Credicorp (NYSE:BAP) was upgraded by UBS Group from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

BAP has been the subject of a number of other research reports. Credit Suisse Group boosted their target price on Credicorp from $240.00 to $258.00 and gave the stock an “outperform” rating in a research report on Friday, May 25th. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $252.00.

Credicorp stock opened at $216.73 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.26 and a beta of 0.93. Credicorp has a 52 week low of $189.69 and a 52 week high of $239.54.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, August 9th. The bank reported $3.76 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.02. The company had revenue of $955.13 million for the quarter. Credicorp had a return on equity of 19.58% and a net margin of 26.62%. research analysts anticipate that Credicorp will post 15.77 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in BAP. Wells Fargo & Company MN raised its position in shares of Credicorp by 3.3% during the first quarter. Wells Fargo & Company MN now owns 61,871 shares of the bank’s stock worth $14,047,000 after acquiring an additional 1,960 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Credicorp during the first quarter worth $1,214,000. Schwab Charles Investment Management Inc. raised its position in shares of Credicorp by 6.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 93,318 shares of the bank’s stock worth $21,187,000 after acquiring an additional 5,634 shares during the last quarter. ETRADE Capital Management LLC bought a new stake in shares of Credicorp during the first quarter worth $228,000. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Credicorp by 24.4% during the first quarter. Candriam Luxembourg S.C.A. now owns 82,800 shares of the bank’s stock worth $18,800,000 after acquiring an additional 16,250 shares during the last quarter. Institutional investors own 66.66% of the company’s stock.

Credicorp Company Profile

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

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