Brokerages Set Credicorp Ltd. (NYSE:BAP) PT at $297.60

Shares of Credicorp Ltd. (NYSE:BAP) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $297.60.

A number of research firms recently issued reports on BAP. Wall Street Zen cut Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. The Goldman Sachs Group increased their target price on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th.

Credicorp Price Performance

NYSE BAP opened at $338.95 on Thursday. The business has a 50 day simple moving average of $341.94 and a 200 day simple moving average of $298.24. Credicorp has a 52-week low of $165.51 and a 52-week high of $380.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.02. The stock has a market cap of $26.96 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.76 and a beta of 0.93.

Credicorp (NYSE:BAP) last posted its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%.The business had revenue of $1.81 billion during the quarter. Analysts anticipate that Credicorp will post 21.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Credicorp

Several hedge funds have recently made changes to their positions in the business. TD Asset Management Inc grew its stake in shares of Credicorp by 1.6% during the 4th quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock worth $532,000 after acquiring an additional 29 shares in the last quarter. Cigna Investments Inc. New grew its stake in shares of Credicorp by 2.8% during the 4th quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock worth $336,000 after acquiring an additional 32 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Credicorp by 21.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 180 shares of the bank’s stock worth $52,000 after acquiring an additional 32 shares in the last quarter. Perpetual Ltd grew its stake in shares of Credicorp by 0.5% during the 4th quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock worth $1,842,000 after acquiring an additional 34 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Credicorp by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock worth $2,916,000 after acquiring an additional 42 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.