Intercorp Financial Services (NYSE:IFS) Upgraded to Strong-Buy at Zacks Research

Intercorp Financial Services (NYSE:IFS) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Wall Street Zen lowered Intercorp Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, Intercorp Financial Services presently has a consensus rating of “Buy” and a consensus price target of $48.00.

Intercorp Financial Services Trading Down 1.0%

NYSE IFS opened at $44.92 on Tuesday. The firm has a market cap of $4.99 billion, a P/E ratio of 8.40, a P/E/G ratio of 0.15 and a beta of 0.77. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s 50-day moving average is $47.22 and its 200-day moving average is $45.32. Intercorp Financial Services has a one year low of $34.20 and a one year high of $53.00.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. The company had revenue of $508.76 million for the quarter. Intercorp Financial Services had a return on equity of 17.92% and a net margin of 30.53%. Sell-side analysts anticipate that Intercorp Financial Services will post 12.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intercorp Financial Services

Hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC raised its position in Intercorp Financial Services by 2,364.9% in the 1st quarter. Hsbc Holdings PLC now owns 387,536 shares of the company’s stock valued at $19,454,000 after buying an additional 371,814 shares during the last quarter. Millennium Management LLC raised its position in Intercorp Financial Services by 66.7% in the 4th quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock valued at $27,084,000 after buying an additional 255,753 shares during the last quarter. Schroder Investment Management Group raised its position in Intercorp Financial Services by 34.2% in the 4th quarter. Schroder Investment Management Group now owns 750,628 shares of the company’s stock valued at $31,797,000 after buying an additional 191,217 shares during the last quarter. William Blair Investment Management LLC raised its position in Intercorp Financial Services by 100.8% in the 3rd quarter. William Blair Investment Management LLC now owns 376,599 shares of the company’s stock valued at $15,192,000 after buying an additional 189,065 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Intercorp Financial Services by 1,722.7% in the 2nd quarter. Jane Street Group LLC now owns 157,794 shares of the company’s stock valued at $6,017,000 after buying an additional 149,137 shares during 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.