Intercorp Financial Services (NYSE:IFS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Intercorp Financial Services (NYSE:IFS) from a buy rating to a hold rating in a research note published on Saturday morning.

A number of other brokerages have also recently issued reports on IFS. Zacks Research upgraded shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. lowered Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 target price on the stock. in a report on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $56.00.

Intercorp Financial Services Price Performance

NYSE IFS opened at $54.36 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.04 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.73 and a beta of 0.80. Intercorp Financial Services has a 12-month low of $38.00 and a 12-month high of $61.38. The company has a 50 day moving average price of $57.53 and a two-hundred day moving average price of $51.41.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.45 by $0.08. The company had revenue of $554.15 million for the quarter, compared to analyst estimates of $520.46 million. Intercorp Financial Services had a net margin of 34.81% and a return on equity of 17.06%. As a group, equities analysts predict that Intercorp Financial Services will post 5.98 earnings per share for the current fiscal year.

Institutional Trading of Intercorp Financial Services

Institutional investors and hedge funds have recently modified their holdings of the company. Matthews International Capital Management LLC acquired a new position in Intercorp Financial Services in the 1st quarter valued at $3,634,000. Hsbc Holdings PLC lifted its position in Intercorp Financial Services by 2,364.9% during the 1st quarter. Hsbc Holdings PLC now owns 387,536 shares of the company’s stock worth $19,454,000 after acquiring an additional 371,814 shares during the last quarter. Barings LLC acquired a new position in Intercorp Financial Services during the 1st quarter worth $1,349,000. PVG Asset Management Corp acquired a new position in Intercorp Financial Services during the 1st quarter worth $1,352,000. Finally, Nipun Capital L.P. bought a new stake in Intercorp Financial Services during the second quarter valued at about $1,134,000.

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.