Credicorp (BAP) Upgraded by ValuEngine to Buy

Credicorp (NYSE:BAP) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. HSBC cut Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. cut Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, cut Credicorp from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Credicorp presently has a consensus rating of “Buy” and an average price target of $225.50.

Shares of Credicorp (NYSE BAP) traded up $2.63 on Tuesday, hitting $217.02. The stock had a trading volume of 112,082 shares, compared to its average volume of 237,539. Credicorp has a 12-month low of $150.71 and a 12-month high of $237.99. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.04.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. raised its holdings in shares of Credicorp by 143.0% in the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after buying an additional 426 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Credicorp by 9.9% in the second quarter. Voya Investment Management LLC now owns 9,371 shares of the bank’s stock valued at $1,681,000 after buying an additional 847 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Credicorp by 19.6% in the second quarter. Janus Henderson Group PLC now owns 30,436 shares of the bank’s stock valued at $5,459,000 after buying an additional 4,989 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Credicorp by 21.5% in the second quarter. The Manufacturers Life Insurance Company now owns 116,801 shares of the bank’s stock valued at $20,954,000 after buying an additional 20,666 shares during the last quarter. Finally, Nomura Holdings Inc. raised its holdings in shares of Credicorp by 167.1% in the second quarter. Nomura Holdings Inc. now owns 4,138 shares of the bank’s stock valued at $742,000 after buying an additional 2,589 shares during the last quarter. Institutional investors own 65.66% of the company’s stock.

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Credicorp Company Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

Analyst Recommendations for Credicorp (NYSE:BAP)

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