Credicorp Ltd. (NYSE:BAP) Stock Has Consensus Price Target of $431.80

Credicorp Ltd. (NYSE:BAP) has earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $431.80.

BAP has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings lowered shares of Credicorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, September 25th. JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $453.00 to $482.00 in a research report on Wednesday, September 16th. UBS Group boosted their target price on shares of Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Morgan Stanley upgraded shares of Credicorp from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $375.00 to $480.00 in a research report on Wednesday, June 17th.

Institutional Trading of Credicorp

Several hedge funds have recently bought and sold shares of BAP. BlackRock Inc. purchased a new position in shares of Credicorp during the second quarter valued at about $1,933,666,000. Capital World Investors boosted its stake in Credicorp by 34.7% during the fourth quarter. Capital World Investors now owns 2,195,404 shares of the bank’s stock valued at $630,081,000 after buying an additional 565,490 shares during the last quarter. Royal Bank of Canada boosted its stake in Credicorp by 0.8% during the first quarter. Royal Bank of Canada now owns 1,721,926 shares of the bank’s stock valued at $584,042,000 after buying an additional 13,249 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Credicorp by 15.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 842,780 shares of the bank’s stock valued at $285,854,000 after buying an additional 112,418 shares during the last quarter. Finally, Pzena Investment Management LLC purchased a new position in Credicorp during the 2nd quarter valued at approximately $325,911,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of Credicorp stock opened at $378.03 on Friday. The company has a market capitalization of $35.68 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.74 and a beta of 0.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The stock’s 50-day simple moving average is $382.03 and its 200-day simple moving average is $361.36. Credicorp has a 52 week low of $230.45 and a 52 week high of $413.24.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a financial services holding company based in Peru. Through its subsidiaries, the company provides banking, insurance, investment management, pension administration and investment banking services to individuals, businesses and institutional clients.

Its principal businesses include Banco de Crédito del Perú, one of Peru’s leading banks; Mibanco, which focuses on microfinance and small-business lending; Pacífico Seguros, an insurance provider; Prima AFP, which manages private pension accounts; and Credicorp Capital, which offers investment banking, asset management, brokerage and related capital-markets services.

Credicorp’s operations are centered primarily in Peru, with selected investment banking and capital-markets activities serving clients elsewhere in the Latin American region.