Credicorp Ltd. (BAP) – What Are Researchers Saying About This Stock?

Credicorp Ltd. (NYSE:BAP) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $431.80.

Several research analysts recently weighed in on BAP shares. JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $453.00 to $482.00 in a research report on Wednesday, September 16th. Weiss Ratings raised Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 9th. The Goldman Sachs Group increased their price objective on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, UBS Group increased their price objective on Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a research report on Thursday, August 20th.

Credicorp Price Performance

BAP opened at $384.08 on Tuesday. Credicorp has a one year low of $230.45 and a one year high of $413.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day simple moving average is $379.76 and its 200-day simple moving average is $365.83. The stock has a market capitalization of $36.25 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 0.76 and a beta of 0.92.

Hedge Funds Weigh In On Credicorp

Several large investors have recently made changes to their positions in BAP. Amundi increased its position in Credicorp by 26.4% in the second quarter. Amundi now owns 535,235 shares of the bank’s stock worth $208,517,000 after purchasing an additional 111,785 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Credicorp during the 1st quarter worth about $1,800,000. Ashoka WhiteOak Capital Pte Ltd bought a new stake in Credicorp during the 2nd quarter worth about $3,611,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Credicorp during the 2nd quarter valued at about $3,857,000. Finally, Trillium Asset Management LLC acquired a new position in Credicorp during the 2nd quarter valued at about $6,065,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is a Peru-based financial services holding company whose businesses provide banking, insurance, investment management and pension services. Its principal subsidiary is Banco de Crédito del Perú (BCP), one of Peru’s largest banks, which serves individual, business and corporate customers through deposits, lending, payments, treasury and other financial products.

Credicorp also operates Mibanco, a financial institution focused on microfinance and small businesses, and Pacífico Seguros, which offers life, health, property and casualty insurance.