Analysts Set Credicorp Ltd. (NYSE:BAP) PT at $297.60

Shares of Credicorp Ltd. (NYSE:BAP) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $297.60.

Several research firms have recently commented on BAP. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 29th. Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Wall Street Zen cut Credicorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, The Goldman Sachs Group boosted their target price on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BAP. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp in the third quarter worth $35,000. Raymond James Financial Inc. acquired a new position in shares of Credicorp during the second quarter valued at about $38,000. Spire Wealth Management bought a new position in Credicorp in the third quarter worth approximately $42,000. Kestra Advisory Services LLC acquired a new stake in Credicorp in the 4th quarter valued at $42,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Credicorp during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Price Performance

NYSE BAP opened at $340.03 on Thursday. The stock has a market capitalization of $27.05 billion, a PE ratio of 13.99, a P/E/G ratio of 0.76 and a beta of 0.93. Credicorp has a twelve month low of $165.51 and a twelve month high of $380.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.02. The stock has a 50-day simple moving average of $342.14 and a 200 day simple moving average of $297.57.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The company had revenue of $1.81 billion during the quarter. Research analysts anticipate that Credicorp will post 21.9 EPS for the current year.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.