A number of firms have modified their ratings and price targets on shares of Credicorp (NYSE: BAP) recently:

  • 2/11/2019 – Credicorp was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating.
  • 2/11/2019 – Credicorp was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $240.00 price target on the stock, up previously from $232.00.
  • 2/8/2019 – Credicorp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/23/2019 – Credicorp was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 1/2/2019 – Credicorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/31/2018 – Credicorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries “
  • 12/24/2018 – Credicorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries “
  • 12/18/2018 – Credicorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries “

Shares of BAP stock traded down $3.11 during trading hours on Monday, reaching $236.50. The company had a trading volume of 609,686 shares, compared to its average volume of 216,728. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 0.85. The company has a market cap of $19.11 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.72. Credicorp Ltd. has a 1-year low of $207.03 and a 1-year high of $250.40.

Credicorp (NYSE:BAP) last released its earnings results on Thursday, November 8th. The bank reported $3.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.00 by ($0.15). The firm had revenue of $982.21 million for the quarter. Credicorp had a return on equity of 17.24% and a net margin of 25.05%. Research analysts anticipate that Credicorp Ltd. will post 16.99 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in BAP. Comerica Bank lifted its stake in Credicorp by 1.1% in the 4th quarter. Comerica Bank now owns 4,791 shares of the bank’s stock valued at $1,148,000 after purchasing an additional 51 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Credicorp by 0.4% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,016 shares of the bank’s stock worth $3,328,000 after purchasing an additional 63 shares during the period. Jennison Associates LLC lifted its position in shares of Credicorp by 1.9% in the 4th quarter. Jennison Associates LLC now owns 3,790 shares of the bank’s stock worth $840,000 after purchasing an additional 72 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Credicorp by 31.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 358 shares of the bank’s stock worth $80,000 after purchasing an additional 85 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in Credicorp by 1.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 7,110 shares of the bank’s stock valued at $1,576,000 after acquiring an additional 107 shares during the period. Institutional investors own 65.86% of the company’s stock.

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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