Shares of Credicorp Ltd. (NYSE:BAP) have earned an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $258.00.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a report on Monday, July 16th. UBS Group assumed coverage on shares of Credicorp in a report on Friday. They set a “neutral” rating on the stock.
Credicorp stock opened at $215.77 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.19 and a quick ratio of 1.19. Credicorp has a 1-year low of $189.69 and a 1-year high of $239.54.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Wealth Management LLC bought a new position in Credicorp in the 2nd quarter worth $157,000. Blair William & Co. IL bought a new position in Credicorp in the 1st quarter worth $233,000. Atria Investments LLC bought a new position in Credicorp in the 3rd quarter worth $272,000. Victory Capital Management Inc. bought a new position in Credicorp in the 2nd quarter worth $279,000. Finally, Confluence Investment Management LLC bought a new position in Credicorp in the 2nd quarter worth $351,000. Hedge funds and other institutional investors own 66.25% of the company’s stock.
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.
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