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

Credicorp Ltd. (NYSE:BAP) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $334.60.

A number of research analysts recently issued reports on BAP shares. UBS Group boosted their price target on Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, May 15th. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and boosted their price target for the company from $320.00 to $350.00 in a report on Tuesday. Zacks Research downgraded Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, The Goldman Sachs Group boosted their price target on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi grew its holdings in shares of Credicorp by 11.7% during the 1st quarter. Amundi now owns 423,450 shares of the bank’s stock worth $143,626,000 after acquiring an additional 44,469 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Credicorp by 91.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 359 shares of the bank’s stock worth $122,000 after acquiring an additional 171 shares during the period. California State Teachers Retirement System grew its holdings in shares of Credicorp by 69.7% during the 1st quarter. California State Teachers Retirement System now owns 10,310 shares of the bank’s stock worth $3,497,000 after acquiring an additional 4,233 shares during the period. Royal Bank of Canada grew its holdings in shares of Credicorp by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,721,926 shares of the bank’s stock worth $584,042,000 after acquiring an additional 13,249 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in shares of Credicorp by 15.0% during the 1st quarter. Quantinno Capital Management LP now owns 10,341 shares of the bank’s stock worth $3,508,000 after acquiring an additional 1,348 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Up 2.9%

BAP opened at $342.89 on Friday. The company has a market cap of $32.36 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.75 and a beta of 0.87. The business’s 50-day moving average price is $330.76 and its 200-day moving average price is $313.54. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp has a 12 month low of $199.78 and a 12 month high of $380.20.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%.The firm had revenue of $1.81 billion for the quarter. On average, equities analysts expect that Credicorp will post 29.09 EPS for the current year.

About Credicorp

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.