Intercorp Financial Services (NYSE:IFS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Intercorp Financial Services (NYSE:IFS) from a hold rating to a buy rating in a research note published on Saturday.

A number of other research firms also recently weighed in on IFS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Intercorp Financial Services has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Intercorp Financial Services Stock Performance

Shares of Intercorp Financial Services stock opened at $47.53 on Friday. The firm has a market cap of $5.44 billion, a PE ratio of 9.86, a P/E/G ratio of 0.38 and a beta of 0.84. The business’s 50 day simple moving average is $45.42 and its 200 day simple moving average is $42.05. Intercorp Financial Services has a 52-week low of $29.09 and a 52-week high of $52.58.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IFS. Goldman Sachs Group Inc. lifted its stake in Intercorp Financial Services by 332.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company’s stock valued at $2,119,000 after purchasing an additional 49,173 shares during the last quarter. Jane Street Group LLC bought a new stake in Intercorp Financial Services in the first quarter valued at approximately $287,000. Allianz Asset Management GmbH acquired a new stake in shares of Intercorp Financial Services in the second quarter valued at approximately $283,000. William Blair Investment Management LLC boosted its stake in shares of Intercorp Financial Services by 81.4% during the 2nd quarter. William Blair Investment Management LLC now owns 187,534 shares of the company’s stock worth $7,151,000 after acquiring an additional 84,169 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Intercorp Financial Services by 100.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 42,764 shares of the company’s stock worth $1,631,000 after acquiring an additional 21,400 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.