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

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

A number of brokerages have commented on BAP. UBS Group reduced their target price on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. boosted their price objective on shares of Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th.

Credicorp Trading Up 1.3 %

Shares of BAP opened at $167.24 on Friday. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00. Credicorp has a 1-year low of $116.42 and a 1-year high of $179.53. The company has a 50-day moving average of $169.70 and a 200 day moving average of $148.48.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Thursday, February 8th. The bank reported $2.80 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.02). Credicorp had a return on equity of 14.68% and a net margin of 20.17%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. On average, research analysts expect that Credicorp will post 18.4 EPS for the current year.

Hedge Funds Weigh In On Credicorp

Several hedge funds have recently modified their holdings of the stock. WCM Investment Management LLC grew its position in Credicorp by 1,723.7% during the 4th quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock worth $45,832,000 after purchasing an additional 287,052 shares during the last quarter. LA Financiere DE L Echiquier increased its position in shares of Credicorp by 20.3% in the 4th quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank’s stock valued at $5,199,000 after acquiring an additional 5,841 shares during the period. Deltec Asset Management LLC acquired a new position in shares of Credicorp in the 4th quarter valued at $1,349,000. Massachusetts Financial Services Co. MA lifted its position in Credicorp by 1.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,053,247 shares of the bank’s stock worth $390,724,000 after acquiring an additional 55,018 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Credicorp by 12.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,999 shares of the bank’s stock valued at $4,607,000 after purchasing an additional 3,866 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.