Credicorp Ltd. (NYSE:BAP) Receives $181.73 Average Target Price from Brokerages

Shares of Credicorp Ltd. (NYSE:BAP) have earned an average recommendation of “Buy” from the four research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $181.73.

A number of equities analysts have recently weighed in on the stock. UBS Group cut their price objective on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. boosted their price objective on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th.

Credicorp Stock Up 0.8 %

BAP stock opened at $169.43 on Tuesday. The company has a market cap of $13.47 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.58 and a beta of 1.13. Credicorp has a 52 week low of $116.42 and a 52 week high of $179.53. The company’s 50-day moving average price is $163.79 and its 200 day moving average price is $143.85. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.67.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a return on equity of 14.68% and a net margin of 20.17%. On average, research analysts expect that Credicorp will post 18.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Credicorp

Institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of Credicorp by 69.2% in the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock valued at $34,000 after purchasing an additional 92 shares during the period. Quarry LP boosted its stake in shares of Credicorp by 171.1% in the second quarter. Quarry LP now owns 328 shares of the bank’s stock valued at $48,000 after purchasing an additional 207 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of Credicorp in the fourth quarter valued at $81,000. State of Wyoming purchased a new position in shares of Credicorp in the fourth quarter valued at $97,000. Finally, Parallel Advisors LLC boosted its stake in shares of Credicorp by 25.2% in the fourth quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after purchasing an additional 135 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.