Intercorp Financial Services (NYSE:IFS) Stock Rating Lowered by Wall Street Zen

Intercorp Financial Services (NYSE:IFS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Intercorp Financial Services has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Intercorp Financial Services Price Performance

Shares of IFS opened at $49.69 on Friday. The firm has a 50 day simple moving average of $46.22 and a two-hundred day simple moving average of $42.51. Intercorp Financial Services has a one year low of $29.09 and a one year high of $52.58. The company has a market cap of $5.69 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.40 and a beta of 0.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IFS. Caitong International Asset Management Co. Ltd lifted its stake in shares of Intercorp Financial Services by 106.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock valued at $32,000 after buying an additional 384 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Intercorp Financial Services during the fourth quarter worth $94,000. Centiva Capital LP purchased a new stake in shares of Intercorp Financial Services during the third quarter worth $216,000. SG Americas Securities LLC boosted its holdings in shares of Intercorp Financial Services by 43.1% in the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after acquiring an additional 1,599 shares during the period. Finally, Pinnacle Associates Ltd. purchased a new position in shares of Intercorp Financial Services in the third quarter valued at $275,000.

About Intercorp Financial Services

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.