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

Credicorp Ltd. (NYSE:BAP) has received an average rating of “Buy” from the four brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $181.73.

Several equities research analysts have recently commented on BAP shares. UBS Group reduced their price target on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. upped their price target on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. CWM LLC grew its stake in shares of Credicorp by 69.2% during the 4th quarter. CWM LLC now owns 225 shares of the bank’s stock valued at $34,000 after acquiring an additional 92 shares during the period. Quarry LP boosted its stake in Credicorp by 171.1% in the 2nd quarter. Quarry LP now owns 328 shares of the bank’s stock worth $48,000 after purchasing an additional 207 shares during the period. 1832 Asset Management L.P. bought a new position in Credicorp in the 4th quarter worth approximately $81,000. State of Wyoming bought a new position in Credicorp in the 4th quarter worth approximately $97,000. Finally, Parallel Advisors LLC boosted its stake in Credicorp by 25.2% in the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock worth $101,000 after purchasing an additional 135 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Credicorp Price Performance

NYSE BAP opened at $164.96 on Friday. Credicorp has a 52 week low of $116.42 and a 52 week high of $179.53. The firm has a market capitalization of $13.12 billion, a P/E ratio of 10.55, a PEG ratio of 0.55 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average price of $169.53 and a 200-day moving average price of $147.84.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.02). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Equities research analysts anticipate that Credicorp will post 18.4 earnings per share for the current year.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.