Credicorp Ltd. (NYSE:BAP) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Credicorp Ltd. (NYSE:BAP) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $431.80.

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $453.00 to $482.00 in a research note on Wednesday, September 16th. UBS Group lifted their price objective on shares of Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group lifted their price objective on shares of Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th.

Institutional Trading of Credicorp

Several large investors have recently made changes to their positions in the stock. Inspire Investing LLC lifted its position in Credicorp by 9.7% during the 3rd quarter. Inspire Investing LLC now owns 6,399 shares of the bank’s stock worth $2,431,000 after acquiring an additional 567 shares during the last quarter. Genesee Capital Advisors LLC grew its position in shares of Credicorp by 4.2% in the third quarter. Genesee Capital Advisors LLC now owns 2,778 shares of the bank’s stock valued at $1,055,000 after purchasing an additional 113 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Credicorp by 3.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,817 shares of the bank’s stock valued at $1,450,000 after purchasing an additional 117 shares during the last quarter. SteelPeak Wealth LLC grew its position in shares of Credicorp by 4.2% in the third quarter. SteelPeak Wealth LLC now owns 2,520 shares of the bank’s stock valued at $957,000 after purchasing an additional 101 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of Credicorp by 32.2% in the third quarter. Vontobel Holding Ltd. now owns 336,054 shares of the bank’s stock worth $127,657,000 after purchasing an additional 81,910 shares during the period. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 0.2%

Shares of Credicorp stock opened at $370.13 on Tuesday. The firm has a market cap of $34.93 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 0.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00. Credicorp has a 52-week low of $230.45 and a 52-week high of $413.24. The stock has a 50-day simple moving average of $379.88 and a 200-day simple moving average of $366.75.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a Peru-based financial services holding company whose businesses provide banking, insurance, investment management and pension services. Its principal subsidiary is Banco de Crédito del Perú (BCP), one of Peru’s largest banks, which serves individual, business and corporate customers through deposits, lending, payments, treasury and other financial products.

Credicorp also operates Mibanco, a financial institution focused on microfinance and small businesses, and Pacífico Seguros, which offers life, health, property and casualty insurance.