Credicorp Ltd. (NYSE:BAP) Given Consensus Rating of “Moderate Buy” by Analysts

Credicorp Ltd. (NYSE:BAP) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $297.60.

Several equities analysts have recently issued reports on BAP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on shares of Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. The Goldman Sachs Group increased their price objective on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Wall Street Zen lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Zacks Research downgraded Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th.

Hedge Funds Weigh In On Credicorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its position in Credicorp by 7.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,038,098 shares of the bank’s stock valued at $808,985,000 after purchasing an additional 223,497 shares during the period. Capital World Investors lifted its position in shares of Credicorp by 34.7% in the 4th quarter. Capital World Investors now owns 2,195,404 shares of the bank’s stock worth $630,081,000 after purchasing an additional 565,490 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Credicorp by 4.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,650,293 shares of the bank’s stock valued at $368,873,000 after purchasing an additional 67,249 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Credicorp by 2.3% in the 4th quarter. Invesco Ltd. now owns 1,380,791 shares of the bank’s stock valued at $396,287,000 after purchasing an additional 31,383 shares during the last quarter. Finally, State Street Corp increased its position in shares of Credicorp by 5.5% during the fourth quarter. State Street Corp now owns 1,336,882 shares of the bank’s stock worth $383,685,000 after buying an additional 69,329 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

NYSE:BAP opened at $325.82 on Friday. The stock’s 50-day moving average is $337.31 and its 200-day moving average is $290.24. Credicorp has a 1-year low of $165.51 and a 1-year high of $380.20. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The stock has a market cap of $25.91 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 0.73 and a beta of 0.87.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Tuesday, February 17th. The bank reported $5.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.73). Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.77 billion. Equities research analysts anticipate that Credicorp will post 21.9 earnings per share for the current year.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.