Analysts Set Credicorp Ltd. (NYSE:BAP) Price Target at $158.80

Credicorp Ltd. (NYSE:BAP) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $158.80.

A number of equities analysts have weighed in on BAP shares. Smith Barney Citigroup cut shares of Credicorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “neutral” rating on shares of Credicorp in a research report on Wednesday, January 13th. Scotiabank restated a “sector perform” rating and set a $150.00 price objective on shares of Credicorp in a research report on Tuesday, March 30th. Finally, Zacks Investment Research upgraded shares of Credicorp from a “sell” rating to a “hold” rating in a research report on Monday, February 15th.

A number of institutional investors have recently modified their holdings of BAP. Capital Asset Advisory Services LLC purchased a new position in Credicorp in the fourth quarter worth approximately $28,000. Graves Light Private Wealth Management Inc. acquired a new stake in Credicorp during the fourth quarter worth approximately $31,000. JJJ Advisors Inc. raised its holdings in Credicorp by 119.8% during the fourth quarter. JJJ Advisors Inc. now owns 288 shares of the bank’s stock worth $47,000 after purchasing an additional 157 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Credicorp during the first quarter worth approximately $72,000. Finally, SG Americas Securities LLC raised its holdings in Credicorp by 81.2% during the third quarter. SG Americas Securities LLC now owns 1,562 shares of the bank’s stock worth $194,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 65.74% of the company’s stock.

Shares of NYSE BAP opened at $145.39 on Monday. The company’s fifty day moving average price is $151.13 and its 200 day moving average price is $145.86. Credicorp has a 1 year low of $110.47 and a 1 year high of $172.12. The company has a market capitalization of $11.60 billion, a PE ratio of 58.16, a price-to-earnings-growth ratio of 5.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 0.97.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Monday, February 8th. The bank reported $2.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.48. Credicorp had a net margin of 4.18% and a return on equity of 2.76%. The firm had revenue of $944.10 million for the quarter, compared to the consensus estimate of $1.05 billion. On average, equities analysts expect that Credicorp will post 0.81 EPS for the current year.

Credicorp Company Profile

Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Analyst Recommendations for Credicorp (NYSE:BAP)

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