ValuEngine Lowers Credicorp (NYSE:BAP) to Buy

Credicorp (NYSE:BAP) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday, April 2nd.

Separately, Zacks Investment Research cut Credicorp from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Credicorp has a consensus rating of “Buy” and an average target price of $231.50.

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NYSE:BAP traded up $3.62 during mid-day trading on Monday, hitting $228.54. 258,064 shares of the company’s stock traded hands, compared to its average volume of 264,820. The company has a quick ratio of 1.22, a current ratio of 1.11 and a debt-to-equity ratio of 0.73. Credicorp has a 12 month low of $150.71 and a 12 month high of $239.54. The company has a market cap of $18,424.79, a price-to-earnings ratio of 14.52, a PEG ratio of 1.25 and a beta of 0.84.



Credicorp (NYSE:BAP) last announced its quarterly earnings data on Monday, February 5th. The bank reported $4.11 EPS for the quarter, topping the Zacks’ consensus estimate of $3.58 by $0.53. Credicorp had a return on equity of 19.02% and a net margin of 25.87%. The company had revenue of $1.03 billion during the quarter. analysts anticipate that Credicorp will post 15.93 EPS for the current year.

A number of hedge funds have recently bought and sold shares of BAP. Eqis Capital Management Inc. increased its position in shares of Credicorp by 10.0% in the fourth quarter. Eqis Capital Management Inc. now owns 2,442 shares of the bank’s stock valued at $506,000 after acquiring an additional 222 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Credicorp by 3.7% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,196 shares of the bank’s stock worth $1,565,000 after buying an additional 258 shares during the last quarter. Guardian Capital LP increased its position in Credicorp by 2.7% during the third quarter. Guardian Capital LP now owns 13,325 shares of the bank’s stock worth $2,732,000 after buying an additional 350 shares during the last quarter. Teachers Advisors LLC increased its position in Credicorp by 1.6% during the fourth quarter. Teachers Advisors LLC now owns 30,590 shares of the bank’s stock worth $6,345,000 after buying an additional 494 shares during the last quarter. Finally, Boston Partners increased its position in Credicorp by 2.9% during the fourth quarter. Boston Partners now owns 18,202 shares of the bank’s stock worth $3,775,000 after buying an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 66.30% of the company’s stock.

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About Credicorp

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Credicorp (NYSE:BAP)

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