According to Zacks, “Intercorp Financial Services Inc. provides financial products and services. The Company’s business segment consists of Bank, Insurance, Real Estate Operations and Others. Intercorp Financial Services Inc. is based in Lima, Peru. “
A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut Intercorp Financial Services from an overweight rating to a neutral rating and set a $23.00 price target on the stock. in a research note on Thursday, November 12th. Scotiabank raised Intercorp Financial Services from a sector perform rating to a sector outperform rating and set a $31.00 price target on the stock in a report on Tuesday, October 27th. Finally, Bank of America lowered their price objective on Intercorp Financial Services from $34.00 to $33.00 and set a buy rating on the stock in a report on Thursday, August 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $29.60.
NYSE IFS opened at $26.65 on Wednesday. The stock has a market capitalization of $3.05 billion and a PE ratio of 23.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.23 and a quick ratio of 1.26. Intercorp Financial Services has a 1-year low of $19.23 and a 1-year high of $45.01. The business has a 50 day simple moving average of $22.51 and a two-hundred day simple moving average of $24.94.
Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings data on Wednesday, November 18th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.53. Intercorp Financial Services had a return on equity of 16.85% and a net margin of 9.08%. On average, analysts anticipate that Intercorp Financial Services will post 0.34 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of Intercorp Financial Services by 76.7% during the 3rd quarter. Morgan Stanley now owns 2,239 shares of the company’s stock valued at $52,000 after acquiring an additional 972 shares during the period. Handelsbanken Fonder AB raised its position in shares of Intercorp Financial Services by 0.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 436,745 shares of the company’s stock worth $10,093,000 after purchasing an additional 3,500 shares during the last quarter. AXA S.A. raised its position in shares of Intercorp Financial Services by 17.6% during the 3rd quarter. AXA S.A. now owns 120,000 shares of the company’s stock worth $2,820,000 after purchasing an additional 17,920 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Intercorp Financial Services by 5.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 431,247 shares of the company’s stock valued at $10,121,000 after acquiring an additional 22,299 shares during the last quarter. Finally, FIL Ltd raised its holdings in Intercorp Financial Services by 5.0% in the 2nd quarter. FIL Ltd now owns 515,494 shares of the company’s stock valued at $13,651,000 after acquiring an additional 24,442 shares during the last quarter. Institutional investors own 6.45% of the company’s stock.
About Intercorp Financial Services
Intercorp Financial Services Inc provides financial products and services in Peru. It provides transactional accounts, such as cuenta sueldo and cuenta simple; savings accounts; investment accounts; and time deposits, certificates of deposit, and compensation for service time accounts. The company also offers retail banking, including consumer; payroll deduction; cash, vehicle, student, express, collateralized cash, and other consumer loans; and mortgage loans, as well as credit cards.
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