Credicorp (NYSE:BAP) was downgraded by Bank of America from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Monday, The Fly reports.

Several other analysts have also recently weighed in on BAP. ValuEngine cut Credicorp from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. cut Credicorp from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $232.00 to $240.00 in a research report on Monday. TheStreet raised Credicorp from a “c+” rating to a “b-” rating in a research report on Wednesday, January 23rd. Zacks Investment Research cut Credicorp from a “hold” rating to a “sell” rating in a research report on Monday, December 24th. Finally, UBS Group upgraded shares of Credicorp from a “market perform” rating to an “outperform” rating in a report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Credicorp currently has an average rating of “Hold” and a consensus target price of $254.50.

Credicorp stock opened at $239.61 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.85. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.53 and a beta of 0.72. Credicorp has a fifty-two week low of $207.03 and a fifty-two week high of $250.40.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, November 8th. The bank reported $3.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.00 by ($0.15). The firm had revenue of $982.21 million for the quarter. Credicorp had a net margin of 25.05% and a return on equity of 17.24%. As a group, analysts forecast that Credicorp will post 16.99 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC raised its holdings in Credicorp by 5.3% in the 4th quarter. ETRADE Capital Management LLC now owns 2,188 shares of the bank’s stock worth $485,000 after acquiring an additional 111 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Credicorp by 2.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 920,950 shares of the bank’s stock worth $204,147,000 after acquiring an additional 22,971 shares during the last quarter. BlackRock Inc. raised its holdings in Credicorp by 1.5% in the 4th quarter. BlackRock Inc. now owns 3,598,950 shares of the bank’s stock worth $797,780,000 after acquiring an additional 53,554 shares during the last quarter. Cidel Asset Management Inc. raised its holdings in Credicorp by 15.1% in the 4th quarter. Cidel Asset Management Inc. now owns 120,704 shares of the bank’s stock worth $26,756,000 after acquiring an additional 15,837 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in Credicorp by 25.0% in the 4th quarter. California Public Employees Retirement System now owns 363,266 shares of the bank’s stock worth $80,525,000 after acquiring an additional 72,570 shares during the last quarter. Hedge funds and other institutional investors own 65.86% of the company’s stock.

About Credicorp

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

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Analyst Recommendations for Credicorp (NYSE:BAP)

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