Credicorp Ltd. (BAP) Given Average Recommendation of “Hold” by Brokerages

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.

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

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.

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.

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