Credicorp (BAP) Stock Rating Upgraded by ValuEngine

Credicorp (NYSE:BAP) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.

A number of other research analysts also recently weighed in on BAP. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Monday, November 13th. HSBC downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Credicorp currently has a consensus rating of “Buy” and a consensus target price of $225.50.

Credicorp (NYSE BAP) opened at $220.23 on Tuesday. Credicorp has a 1-year low of $150.71 and a 1-year high of $237.99. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $17,240.00, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.15 and a beta of 0.91.

A number of institutional investors and hedge funds have recently modified their holdings of BAP. Advisor Group Inc. increased its position in Credicorp by 143.0% in the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after buying an additional 426 shares in the last quarter. Voya Investment Management LLC increased its position in Credicorp by 9.9% in the second quarter. Voya Investment Management LLC now owns 9,371 shares of the bank’s stock worth $1,681,000 after buying an additional 847 shares in the last quarter. Janus Henderson Group PLC increased its position in Credicorp by 19.6% in the second quarter. Janus Henderson Group PLC now owns 30,436 shares of the bank’s stock worth $5,459,000 after buying an additional 4,989 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Credicorp by 21.5% in the second quarter. The Manufacturers Life Insurance Company now owns 116,801 shares of the bank’s stock worth $20,954,000 after buying an additional 20,666 shares in the last quarter. Finally, Nomura Holdings Inc. increased its position in Credicorp by 167.1% in the second quarter. Nomura Holdings Inc. now owns 4,138 shares of the bank’s stock worth $742,000 after buying an additional 2,589 shares in the last quarter. Institutional investors and hedge funds own 65.66% of the company’s stock.

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About Credicorp

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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