Credicorp (BAP) Reaches New 52-Week High at $250.59

Shares of Credicorp Ltd. (NYSE:BAP) reached a new 52-week high on Friday . The company traded as high as $250.59 and last traded at $249.10, with a volume of 19356 shares trading hands. The stock had previously closed at $246.47.

A number of analysts have weighed in on the company. Zacks Investment Research cut Credicorp from a “hold” rating to a “strong sell” rating in a research note on Monday, February 11th. TheStreet upgraded Credicorp from a “c+” rating to a “b-” rating in a research note on Wednesday, January 23rd. ValuEngine upgraded Credicorp from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. UBS Group upgraded Credicorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 6th. Finally, Itau BBA Securities upgraded Credicorp from a “market perform” rating to an “outperform” rating and set a $274.00 target price on the stock in a research report on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Credicorp presently has a consensus rating of “Hold” and an average price target of $254.50.

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.18 and a quick ratio of 1.16. The stock has a market capitalization of $19.17 billion, a P/E ratio of 16.72, a PEG ratio of 1.14 and a beta of 0.75.



Credicorp (NYSE:BAP) last posted its earnings results on Wednesday, February 6th. The bank reported $3.58 EPS for the quarter, missing the Zacks’ consensus estimate of $3.95 by ($0.37). Credicorp had a return on equity of 17.24% and a net margin of 25.05%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.07 billion. Research analysts expect that Credicorp Ltd. will post 16.92 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank increased its position 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 acquiring an additional 51 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Credicorp by 0.4% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,016 shares of the bank’s stock valued at $3,328,000 after acquiring an additional 63 shares during the period. Jennison Associates LLC increased its position in Credicorp by 1.9% in the 4th quarter. Jennison Associates LLC now owns 3,790 shares of the bank’s stock valued at $840,000 after acquiring an additional 72 shares during the period. PNC Financial Services Group Inc. increased its position in Credicorp by 31.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 358 shares of the bank’s stock valued at $80,000 after acquiring an additional 85 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Credicorp by 0.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 31,600 shares of the bank’s stock valued at $7,005,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 66.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Credicorp (BAP) Reaches New 52-Week High at $250.59” was first published by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://dakotafinancialnews.com/2019/03/15/credicorp-bap-reaches-new-52-week-high-at-250-59.html.

Credicorp Company Profile (NYSE:BAP)

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.

Read More: NASDAQ Stock Market Explained

Receive News & Ratings for Credicorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp and related companies with MarketBeat.com's FREE daily email newsletter.