Zacks Research Downgrades Intercorp Financial Services (NYSE:IFS) to Hold

Intercorp Financial Services (NYSE:IFS) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on IFS. JPMorgan Chase & Co. boosted their price objective on shares of Intercorp Financial Services from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Friday, May 22nd. Finally, Wall Street Zen raised shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Intercorp Financial Services Stock Up 3.3%

Shares of NYSE IFS opened at $55.26 on Wednesday. The stock has a market cap of $6.14 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.76 and a beta of 0.80. The firm has a 50 day moving average price of $48.19 and a 200 day moving average price of $46.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.08. Intercorp Financial Services has a 52-week low of $35.39 and a 52-week high of $55.94.

Intercorp Financial Services (NYSE:IFS) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. The firm had revenue of $508.76 million during the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. Analysts expect that Intercorp Financial Services will post 5.82 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in Intercorp Financial Services by 106.4% in the fourth 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. bought a new position in Intercorp Financial Services in the fourth quarter valued at approximately $94,000. DGS Capital Management LLC bought a new position in Intercorp Financial Services in the first quarter valued at approximately $213,000. Centiva Capital LP bought a new position in Intercorp Financial Services in the third quarter valued at approximately $216,000. Finally, SG Americas Securities LLC lifted its position 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 purchasing an additional 1,599 shares in the last quarter.

Intercorp Financial Services Company Profile

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.