Brokerages Set Credicorp Ltd. (NYSE:BAP) PT at $181.73

Shares of Credicorp Ltd. (NYSE:BAP) have been assigned an average rating of “Buy” from the four ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $181.73.

BAP has been the topic of a number of recent research reports. UBS Group dropped their price target on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, February 29th.

Credicorp Stock Performance

NYSE:BAP opened at $167.24 on Friday. Credicorp has a 1 year low of $116.42 and a 1 year high of $179.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00. The business has a fifty day simple moving average of $169.70 and a two-hundred day simple moving average of $148.48. The company has a market capitalization of $13.30 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.56 and a beta of 1.13.

Credicorp (NYSE:BAP) last announced its quarterly earnings data 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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a net margin of 20.17% and a return on equity of 14.68%. On average, analysts expect that Credicorp will post 18.4 earnings per share for the current year.

Hedge Funds Weigh In On Credicorp

A number of large investors have recently bought and sold shares of BAP. CWM LLC increased its stake in shares of Credicorp by 69.2% in the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after buying an additional 92 shares during the period. Parallel Advisors LLC increased its position 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 acquiring an additional 135 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Credicorp by 147.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 741 shares of the bank’s stock valued at $111,000 after acquiring an additional 442 shares during the period. Signaturefd LLC raised its stake in shares of Credicorp by 24.3% during the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock valued at $112,000 after acquiring an additional 146 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Credicorp during the third quarter worth about $136,000. 89.81% of the stock is 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.