Intercorp Financial Services (NYSE:IFS) Reaches New 52-Week Low at $20.65

Intercorp Financial Services Inc. (NYSE:IFSGet Rating) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $20.65 and last traded at $21.03, with a volume of 16225 shares changing hands. The stock had previously closed at $21.24.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Grupo Santander upgraded Intercorp Financial Services from a “neutral” rating to an “outperform” rating and set a $29.00 price target on the stock in a research note on Wednesday, August 24th. TheStreet upgraded Intercorp Financial Services from a “d” rating to a “c+” rating in a research note on Monday, August 29th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Intercorp Financial Services presently has an average rating of “Moderate Buy” and a consensus target price of $31.75.

Intercorp Financial Services Stock Performance

The company has a market capitalization of $2.43 billion, a P/E ratio of 6.58, a price-to-earnings-growth ratio of 0.51 and a beta of 1.39. The firm has a 50 day moving average price of $22.95 and a two-hundred day moving average price of $26.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.15 and a current ratio of 1.16.

Intercorp Financial Services (NYSE:IFSGet Rating) last released its quarterly earnings data on Monday, August 15th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.36). Intercorp Financial Services had a net margin of 32.00% and a return on equity of 15.36%. The company had revenue of $333.88 million during the quarter, compared to the consensus estimate of $338.76 million. On average, research analysts expect that Intercorp Financial Services Inc. will post 3.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intercorp Financial Services

Several large investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its holdings in shares of Intercorp Financial Services by 13.9% in the 2nd quarter. Legal & General Group Plc now owns 22,419 shares of the company’s stock worth $521,000 after acquiring an additional 2,741 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Intercorp Financial Services in the 1st quarter worth approximately $138,000. Bank of New York Mellon Corp acquired a new position in shares of Intercorp Financial Services in the 1st quarter worth approximately $225,000. American Century Companies Inc. boosted its holdings in shares of Intercorp Financial Services by 42.1% in the 1st quarter. American Century Companies Inc. now owns 24,371 shares of the company’s stock worth $842,000 after acquiring an additional 7,216 shares in the last quarter. Finally, Employees Retirement System of Texas boosted its holdings in shares of Intercorp Financial Services by 116.9% in the 1st quarter. Employees Retirement System of Texas now owns 14,100 shares of the company’s stock worth $487,000 after acquiring an additional 7,600 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

About Intercorp Financial Services

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Intercorp Financial Services Inc provides banking, insurance, and wealth management services for retail and commercial clients in Peru. The company operates through three segments: Banking, Insurance, and Wealth Management. 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.

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