Credicorp Ltd. (NYSE:BAP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Credicorp Ltd. (NYSE:BAP) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $250.00.

A number of research analysts recently weighed in on the stock. Zacks Research raised shares of Credicorp from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. HSBC lowered shares of Credicorp from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $225.00 to $255.00 in a research note on Friday, September 5th. UBS Group lifted their price objective on shares of Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. The Goldman Sachs Group raised shares of Credicorp from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $174.00 to $225.00 in a research note on Thursday, July 24th. Finally, Hsbc Global Res raised shares of Credicorp to a “hold” rating in a research note on Friday, September 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Spire Wealth Management purchased a new position in Credicorp during the third quarter worth $42,000. MAI Capital Management boosted its stake in Credicorp by 5,300.0% during the second quarter. MAI Capital Management now owns 162 shares of the bank’s stock worth $36,000 after buying an additional 159 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Credicorp during the second quarter worth $38,000. SVB Wealth LLC bought a new stake in shares of Credicorp during the first quarter worth $35,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Credicorp during the first quarter worth $40,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Up 0.3%

BAP stock opened at $260.83 on Monday. The firm has a fifty day moving average price of $260.72 and a 200 day moving average price of $234.10. Credicorp has a fifty-two week low of $165.51 and a fifty-two week high of $280.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $20.75 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.11.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, beating analysts’ consensus estimates of $5.73 by $0.51. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. Sell-side analysts anticipate that Credicorp will post 21.9 earnings per share for the current fiscal year.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.