Credicorp Ltd. (BAP) Receives Average Recommendation of “Hold” from Brokerages

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Shares of Credicorp Ltd. (NYSE:BAP) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $253.00.

A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. ValuEngine downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Finally, Credit Suisse Group increased their price objective on Credicorp from $240.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, May 25th.

Shares of NYSE:BAP traded up $0.51 on Monday, reaching $210.36. 169,600 shares of the company traded hands, compared to its average volume of 238,301. Credicorp has a fifty-two week low of $189.69 and a fifty-two week high of $239.54. The company has a market capitalization of $16.74 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.19 and a current ratio of 1.19.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, August 9th. The bank reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.02. Credicorp had a return on equity of 19.58% and a net margin of 26.62%. The company had revenue of $955.13 million during the quarter. research analysts forecast that Credicorp will post 15.77 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of Credicorp by 6.7% in the second quarter. Advisors Asset Management Inc. now owns 7,991 shares of the bank’s stock valued at $1,799,000 after purchasing an additional 501 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Credicorp by 3.9% in the second quarter. Schroder Investment Management Group now owns 1,125,174 shares of the bank’s stock valued at $249,023,000 after purchasing an additional 42,019 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of Credicorp by 42.4% in the second quarter. Bank of Nova Scotia now owns 527,054 shares of the bank’s stock valued at $118,651,000 after purchasing an additional 156,944 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Credicorp by 356.1% in the second quarter. Jane Street Group LLC now owns 15,662 shares of the bank’s stock valued at $3,526,000 after purchasing an additional 12,228 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Credicorp by 176.3% in the second quarter. California Public Employees Retirement System now owns 253,948 shares of the bank’s stock valued at $57,169,000 after purchasing an additional 162,052 shares in the last quarter. Institutional investors own 66.66% of the company’s stock.

About Credicorp

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

Further Reading: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for Credicorp (NYSE:BAP)

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