Wall Street Zen Downgrades Intercorp Financial Services (NYSE:IFS) to Hold

Intercorp Financial Services (NYSE:IFS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms have also weighed in on IFS. Weiss Ratings reissued a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. JPMorgan Chase & Co. downgraded shares of Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research note on Monday, June 15th. Finally, Zacks Research upgraded shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $56.00.

Intercorp Financial Services Trading Up 0.1%

Intercorp Financial Services stock opened at $54.73 on Friday. The stock has a market cap of $6.08 billion, a PE ratio of 10.01, a P/E/G ratio of 0.73 and a beta of 0.80. The stock has a 50-day moving average price of $57.39 and a 200 day moving average price of $51.38. Intercorp Financial Services has a 52 week low of $38.00 and a 52 week high of $61.38. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.59.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Tuesday, August 11th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.08. Intercorp Financial Services had a net margin of 34.81% and a return on equity of 17.06%. The company had revenue of $554.15 million for the quarter, compared to analyst estimates of $520.46 million. Equities research analysts predict that Intercorp Financial Services will post 5.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Intercorp Financial Services by 332.5% during the first quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company’s stock valued at $2,119,000 after acquiring an additional 49,173 shares during the period. Jane Street Group LLC acquired a new stake in Intercorp Financial Services during the first quarter worth about $287,000. Geode Capital Management LLC raised its holdings in shares of Intercorp Financial Services by 9.7% in the 2nd quarter. Geode Capital Management LLC now owns 20,649 shares of the company’s stock worth $787,000 after purchasing an additional 1,824 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Intercorp Financial Services by 192.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 143,345 shares of the company’s stock worth $5,466,000 after purchasing an additional 94,360 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Intercorp Financial Services by 381.7% in the 2nd quarter. Sei Investments Co. now owns 34,866 shares of the company’s stock valued at $1,329,000 after purchasing an additional 27,628 shares in 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.