Credicorp (BAP) Downgraded by Bank of America

Bank of America cut shares of Credicorp (NYSE:BAP) from a neutral rating to an underperform rating in a report issued on Monday morning, The Fly reports.

Several other analysts have also issued reports on the stock. UBS Group started coverage on shares of Credicorp in a report on Friday, October 26th. They issued a neutral rating on the stock. Itau BBA Securities upgraded shares of Credicorp from a market perform rating to an outperform rating and set a $274.00 price objective on the stock in a report on Friday, December 7th. Zacks Investment Research upgraded shares of Credicorp from a sell rating to a hold rating in a report on Tuesday, December 18th. ValuEngine upgraded shares of Credicorp from a hold rating to a buy rating in a report on Wednesday, January 2nd. Finally, TheStreet upgraded shares of Credicorp from a c+ rating to a b- rating in a report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Credicorp presently has a consensus rating of Hold and a consensus price target of $254.50.

NYSE BAP opened at $240.14 on Monday. Credicorp has a 52 week low of $207.41 and a 52 week high of $250.40. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.18. The firm has a market cap of $19.11 billion, a PE ratio of 16.14, a P/E/G ratio of 1.53 and a beta of 0.72.

Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Credicorp by 31.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 358 shares of the bank’s stock worth $80,000 after acquiring an additional 85 shares during the period. Thornburg Investment Management Inc. acquired a new stake in Credicorp in the fourth quarter valued at $116,000. We Are One Seven LLC acquired a new stake in Credicorp in the fourth quarter valued at $142,000. Quadrant Capital Group LLC boosted its stake in shares of Credicorp by 716.5% during the fourth quarter. Quadrant Capital Group LLC now owns 841 shares of the bank’s stock valued at $184,000 after acquiring an additional 738 shares during the last quarter. Finally, Henry James International Management Inc. acquired a new stake in shares of Credicorp during the third quarter valued at $205,000. Institutional investors and hedge funds own 65.86% of the company’s stock.

Credicorp Company Profile

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

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Analyst Recommendations for Credicorp (NYSE:BAP)

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