Intercorp Financial Services (NYSE:IFS) Downgraded to “Neutral” Rating by JPMorgan Chase & Co.

Intercorp Financial Services (NYSE:IFS) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Monday, Marketbeat reports.

Several other brokerages also recently commented on IFS. Weiss Ratings restated a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. Wall Street Zen upgraded Intercorp Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Zacks Research downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Intercorp Financial Services presently has a consensus rating of “Hold” and an average target price of $56.00.

Intercorp Financial Services Price Performance

Shares of Intercorp Financial Services stock opened at $56.91 on Monday. The stock’s 50-day simple moving average is $48.32 and its 200-day simple moving average is $46.59. Intercorp Financial Services has a 52 week low of $35.39 and a 52 week high of $57.10. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 0.81 and a beta of 0.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.61.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%.The business had revenue of $508.76 million for the quarter. As a group, analysts expect that Intercorp Financial Services will post 5.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intercorp Financial Services

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its stake in Intercorp Financial Services by 106.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock worth $32,000 after acquiring an additional 384 shares during the last quarter. Blue Trust Inc. bought a new position in shares of Intercorp Financial Services during the 4th quarter valued at approximately $94,000. DGS Capital Management LLC bought a new position in shares of Intercorp Financial Services during the 1st quarter valued at approximately $213,000. Centiva Capital LP bought a new position in shares of Intercorp Financial Services during the 3rd quarter valued at approximately $216,000. Finally, SG Americas Securities LLC increased its position in shares of Intercorp Financial Services by 43.1% during the 4th quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after purchasing an additional 1,599 shares during the last quarter.

About Intercorp Financial Services

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.