Intercorp Financial Services (NYSE:IFS) Stock Rating Upgraded by Wall Street Zen

Intercorp Financial Services (NYSE:IFS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Monday.

Several other analysts also recently issued reports on IFS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a report on Monday, December 29th. JPMorgan Chase & Co. upped their target price on Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Intercorp Financial Services Price Performance

NYSE IFS opened at $46.17 on Monday. The company has a market capitalization of $5.28 billion, a P/E ratio of 9.58, a PEG ratio of 0.39 and a beta of 0.83. Intercorp Financial Services has a 1-year low of $29.09 and a 1-year high of $52.58. The business has a 50 day moving average price of $47.03 and a 200 day moving average price of $42.94.

Institutional Trading of Intercorp Financial Services

Hedge funds have recently added to or reduced their stakes in the business. Globeflex Capital L P increased its stake in shares of Intercorp Financial Services by 3,477.7% during the 2nd quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock valued at $13,936,000 after acquiring an additional 355,282 shares during the last quarter. Marshall Wace LLP grew its holdings in Intercorp Financial Services by 108.1% in the second quarter. Marshall Wace LLP now owns 519,319 shares of the company’s stock valued at $19,802,000 after purchasing an additional 269,712 shares during the period. Millennium Management LLC increased its position in Intercorp Financial Services by 66.7% during the fourth quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock worth $27,084,000 after purchasing an additional 255,753 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Intercorp Financial Services by 91.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock worth $19,176,000 after purchasing an additional 239,920 shares during the last quarter. Finally, Fourth Sail Capital LP raised its stake in Intercorp Financial Services by 78.0% during the second quarter. Fourth Sail Capital LP now owns 458,974 shares of the company’s stock worth $17,501,000 after purchasing an additional 201,100 shares during the period.

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.