Intercorp Financial Services (NYSE:IFS) Sets New 52-Week High – Still a Buy?

Shares of Intercorp Financial Services Inc. (NYSE:IFS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $48.01 and last traded at $47.89, with a volume of 207606 shares. The stock had previously closed at $47.10.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on IFS shares. Zacks Research downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised their price target on Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Wall Street Zen cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Intercorp Financial Services presently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Intercorp Financial Services Trading Up 1.7%

The stock has a fifty day moving average price of $42.47 and a 200 day moving average price of $40.65. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.38 and a beta of 0.84.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.04). Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. The company had revenue of $452.42 million for the quarter, compared to analyst estimates of $441.08 million. On average, sell-side analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Hedge Funds Weigh In On Intercorp Financial Services

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. bought a new stake in Intercorp Financial Services during the 4th quarter valued at approximately $94,000. Centiva Capital LP acquired a new stake in shares of Intercorp Financial Services in the third quarter worth $216,000. SG Americas Securities LLC increased its position in Intercorp Financial Services by 43.1% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after acquiring an additional 1,599 shares during the period. Pinnacle Associates Ltd. acquired a new position in Intercorp Financial Services during the 3rd quarter valued at $275,000. Finally, Allianz Asset Management GmbH bought a new stake in Intercorp Financial Services in the 2nd quarter valued at $283,000.

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.