Lowers Credicorp (BAP) to Hold

downgraded shares of Credicorp (NYSE:BAP) from a buy rating to a hold rating in a report issued on Monday, November 13th, MarketBeat Ratings reports.

BAP has been the subject of a number of other reports. Zacks Investment Research lowered shares of Credicorp from a buy rating to a hold rating in a research report on Tuesday, October 17th. Citigroup lowered shares of Credicorp from a buy rating to a neutral rating in a research report on Friday, September 29th. Goldman Sachs Group reiterated a buy rating and issued a $248.00 target price on shares of Credicorp in a research report on Monday, September 11th. BidaskClub upgraded shares of Credicorp from a buy rating to a strong-buy rating in a research report on Friday, August 11th. Finally, Bank of America lowered shares of Credicorp from a buy rating to a neutral rating in a research report on Monday, September 18th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $224.25.

Credicorp (BAP) opened at $211.22 on Monday. The company has a market cap of $16,840.00, a price-to-earnings ratio of 15.34, a PEG ratio of 1.21 and a beta of 0.84. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.04. Credicorp has a 1 year low of $150.71 and a 1 year high of $215.69.

A number of hedge funds and other institutional investors have recently bought and sold shares of BAP. Neuberger Berman Group LLC raised its stake in shares of Credicorp by 2.6% during the third quarter. Neuberger Berman Group LLC now owns 302,147 shares of the bank’s stock valued at $61,946,000 after acquiring an additional 7,792 shares during the last quarter. Guardian Capital LP raised its stake in shares of Credicorp by 2.7% during the third quarter. Guardian Capital LP now owns 13,325 shares of the bank’s stock valued at $2,732,000 after acquiring an additional 350 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Credicorp by 270.3% during the third quarter. Cubist Systematic Strategies LLC now owns 4,614 shares of the bank’s stock valued at $946,000 after acquiring an additional 3,368 shares during the last quarter. Capital International Investors raised its stake in shares of Credicorp by 0.9% during the third quarter. Capital International Investors now owns 354,533 shares of the bank’s stock valued at $72,686,000 after acquiring an additional 3,056 shares during the last quarter. Finally, Capital Guardian Trust Co. raised its stake in shares of Credicorp by 3.6% during the third quarter. Capital Guardian Trust Co. now owns 136,400 shares of the bank’s stock valued at $27,965,000 after acquiring an additional 4,700 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

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Credicorp Company Profile

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.

Analyst Recommendations for Credicorp (NYSE:BAP)

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