Intercorp Financial Services (NYSE:IFS) Reaches New 1-Year High – Should You Buy?

Intercorp Financial Services Inc. (NYSE:IFS) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $58.26 and last traded at $57.58, with a volume of 18197 shares changing hands. The stock had previously closed at $56.96.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Intercorp Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Friday, May 22nd. Zacks Research cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. downgraded Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.00.

Intercorp Financial Services Stock Performance

The firm has a market capitalization of $6.48 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.78 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $49.76 and a 200-day moving average of $47.93.

Intercorp Financial Services (NYSE:IFS) last released 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 for the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%. On average, equities analysts anticipate that Intercorp Financial Services Inc. will post 5.97 earnings per share for the current fiscal year.

Institutional Trading of Intercorp Financial Services

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Intercorp Financial Services by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 589,019 shares of the company’s stock worth $23,761,000 after acquiring an additional 107,290 shares during the period. Schroder Investment Management Group lifted its stake in shares of Intercorp Financial Services by 9.5% in the 3rd quarter. Schroder Investment Management Group now owns 559,411 shares of the company’s stock valued at $22,567,000 after purchasing an additional 48,624 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Intercorp Financial Services by 100.8% in the 3rd quarter. William Blair Investment Management LLC now owns 376,599 shares of the company’s stock valued at $15,192,000 after purchasing an additional 189,065 shares during the period. Mirabella Financial Services LLP bought a new stake in shares of Intercorp Financial Services during the 3rd quarter valued at about $3,924,000. Finally, Channing Global Advisors LLC bought a new stake in shares of Intercorp Financial Services during the 4th quarter valued at about $615,000.

About Intercorp Financial Services

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.