ValuEngine Downgrades Credicorp (NYSE:BAP) to Sell

Credicorp (NYSE:BAP) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

A number of other brokerages have also recently issued reports on BAP. Zacks Investment Research raised shares of Credicorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Citigroup cut shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $257.00.

Shares of NYSE BAP traded down $2.59 during midday trading on Thursday, reaching $214.60. The stock had a trading volume of 209,389 shares, compared to its average volume of 299,356. The business’s 50-day simple moving average is $229.01. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $17.39 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.02 and a beta of 0.70. Credicorp has a 12-month low of $207.41 and a 12-month high of $252.49.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, May 2nd. The bank reported $4.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.14 by $0.01. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Credicorp had a net margin of 24.83% and a return on equity of 17.08%. Sell-side analysts predict that Credicorp will post 16.82 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. purchased a new position in Credicorp during the first quarter valued at $72,000. Parallel Advisors LLC grew its stake in Credicorp by 24.2% during the first quarter. Parallel Advisors LLC now owns 328 shares of the bank’s stock valued at $79,000 after acquiring an additional 64 shares in the last quarter. Huntington National Bank grew its stake in Credicorp by 29.7% during the second quarter. Huntington National Bank now owns 529 shares of the bank’s stock valued at $121,000 after acquiring an additional 121 shares in the last quarter. Marshall Wace LLP purchased a new position in Credicorp during the first quarter valued at $201,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Credicorp during the first quarter valued at $207,000. 67.41% of the stock is owned by institutional investors.

Credicorp Company Profile

Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Credicorp (NYSE:BAP)

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