Credicorp Ltd. (NYSE:BAP) Receives $181.73 Consensus Target Price from Brokerages

Credicorp Ltd. (NYSE:BAP) has been given an average recommendation of “Buy” by the four analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $181.73.

Several analysts have recently weighed in on BAP shares. UBS Group decreased their target price on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, February 29th.

Hedge Funds Weigh In On Credicorp

Several institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Credicorp by 69.2% in the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after acquiring an additional 92 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Credicorp by 25.2% in the fourth quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock worth $101,000 after acquiring an additional 135 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Credicorp by 147.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 741 shares of the bank’s stock worth $111,000 after acquiring an additional 442 shares during the last quarter. Signaturefd LLC raised its stake in shares of Credicorp by 24.3% in the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock worth $112,000 after acquiring an additional 146 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Credicorp in the third quarter worth about $136,000. 89.81% of the stock is owned by institutional investors.

Credicorp Price Performance

Shares of Credicorp stock opened at $167.06 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.08. The firm’s 50-day simple moving average is $169.95 and its 200-day simple moving average is $149.32. Credicorp has a twelve month low of $116.42 and a twelve month high of $179.53. The firm has a market cap of $13.29 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13.

Credicorp (NYSE:BAP) last issued its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.02). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. As a group, research analysts expect that Credicorp will post 18.4 EPS for the current fiscal year.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.