Intercorp Financial Services (NYSE:IFS) Downgraded by Zacks Research to “Hold”

Intercorp Financial Services (NYSE:IFS) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Intercorp Financial Services from $48.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Weiss Ratings restated a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Intercorp Financial Services Stock Up 3.3%

Shares of IFS opened at $55.26 on Wednesday. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.76 and a beta of 0.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.61. Intercorp Financial Services has a 12 month low of $35.39 and a 12 month high of $55.94. The company has a 50-day moving average price of $48.19 and a two-hundred day moving average price of $46.47.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. The firm had revenue of $508.76 million during the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. Equities analysts predict that Intercorp Financial Services will post 5.82 EPS for the current fiscal year.

Institutional Trading of Intercorp Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of IFS. Hsbc Holdings PLC increased its holdings in shares of Intercorp Financial Services by 2,364.9% in the first quarter. Hsbc Holdings PLC now owns 387,536 shares of the company’s stock valued at $19,454,000 after purchasing an additional 371,814 shares in the last quarter. Millennium Management LLC grew its holdings in Intercorp Financial Services by 66.7% during the 4th quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock worth $27,084,000 after acquiring an additional 255,753 shares during the period. Schroder Investment Management Group grew its holdings in Intercorp Financial Services by 34.2% during the 4th quarter. Schroder Investment Management Group now owns 750,628 shares of the company’s stock worth $31,797,000 after acquiring an additional 191,217 shares during the period. William Blair Investment Management LLC grew its holdings in Intercorp Financial Services by 100.8% during the 3rd quarter. William Blair Investment Management LLC now owns 376,599 shares of the company’s stock worth $15,192,000 after acquiring an additional 189,065 shares during the period. Finally, Jane Street Group LLC grew its holdings in Intercorp Financial Services by 1,722.7% during the 2nd quarter. Jane Street Group LLC now owns 157,794 shares of the company’s stock worth $6,017,000 after acquiring an additional 149,137 shares during the period.

Intercorp Financial Services Company Profile

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.