Brokerages Set Credicorp Ltd. (NYSE:BAP) Target Price at $244.00

Shares of Credicorp Ltd. (NYSE:BAP) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $244.00.

Several brokerages recently weighed in on BAP. Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price target on Credicorp from $250.00 to $238.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, ValuEngine upgraded Credicorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th.

Shares of BAP stock opened at $211.56 on Friday. Credicorp has a 1-year low of $199.83 and a 1-year high of $252.49. The stock’s fifty day moving average price is $211.43 and its 200 day moving average price is $213.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.18 and a beta of 0.67.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, November 7th. The bank reported $4.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.25 by ($0.16). Credicorp had a return on equity of 16.30% and a net margin of 24.52%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.07 billion. As a group, equities research analysts anticipate that Credicorp will post 16.37 earnings per share for the current year.

In other news, insider Abotomey Darryl sold 105,790 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $7.21, for a total value of $762,745.90. Insiders own 15.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bartlett & Co. LLC raised its holdings in Credicorp by 16.7% in the 3rd quarter. Bartlett & Co. LLC now owns 350 shares of the bank’s stock worth $73,000 after purchasing an additional 50 shares during the period. Parallel Advisors LLC raised its holdings in Credicorp by 19.9% in the 3rd quarter. Parallel Advisors LLC now owns 343 shares of the bank’s stock worth $71,000 after purchasing an additional 57 shares during the period. Wetherby Asset Management Inc. raised its holdings in Credicorp by 10.6% in the 3rd quarter. Wetherby Asset Management Inc. now owns 2,421 shares of the bank’s stock worth $505,000 after purchasing an additional 232 shares during the period. Dean Capital Investments Management LLC raised its holdings in Credicorp by 27.4% in the 3rd quarter. Dean Capital Investments Management LLC now owns 1,226 shares of the bank’s stock worth $256,000 after purchasing an additional 264 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Credicorp by 11.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,742 shares of the bank’s stock worth $572,000 after purchasing an additional 275 shares during the period. 66.18% of the stock is owned by institutional investors.

Credicorp Company Profile

Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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