Shares of Credicorp Ltd. (NYSE:BAP) have earned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $221.00.
A number of equities research analysts have recently commented on the company. HSBC cut Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. ValuEngine cut Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Citigroup cut Credicorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 29th. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $234.00 target price on the stock in a research note on Friday, November 10th. Finally, cut Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th.
Shares of Credicorp (BAP) opened at $229.99 on Friday. Credicorp has a 12 month low of $150.71 and a 12 month high of $230.00. The company has a market capitalization of $18,220.00, a price-to-earnings ratio of 14.99, a PEG ratio of 1.15 and a beta of 0.86. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.04.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in shares of Credicorp by 143.0% during the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after purchasing an additional 426 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Credicorp during the third quarter valued at $251,000. High Pointe Capital Management LLC bought a new position in shares of Credicorp during the third quarter valued at $268,000. Jarislowsky Fraser Ltd bought a new position in shares of Credicorp during the third quarter valued at $295,000. Finally, Highstreet Asset Management Inc. lifted its holdings in shares of Credicorp by 180.0% during the third quarter. Highstreet Asset Management Inc. now owns 1,537 shares of the bank’s stock valued at $315,000 after purchasing an additional 988 shares in the last quarter. 66.10% of the stock is currently owned by hedge funds and other institutional investors.
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Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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