Credicorp (BAP) Upgraded by UBS Group to Outperform

UBS Group upgraded shares of Credicorp (NYSE:BAP) from a market perform rating to an outperform rating in a report published on Thursday, The Fly reports.

Shares of BAP stock opened at $222.04 on Thursday. The firm has a market cap of $17.76 billion, a P/E ratio of 14.11, a PEG ratio of 1.31 and a beta of 0.81. Credicorp has a twelve month low of $189.69 and a twelve month high of $239.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.16.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, November 8th. The bank reported $3.85 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.15). The firm had revenue of $982.21 million for the quarter. Credicorp had a return on equity of 18.21% and a net margin of 25.82%. Equities research analysts expect that Credicorp will post 15.77 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC bought a new stake in shares of Credicorp in the 2nd quarter valued at about $157,000. Henry James International Management Inc. bought a new stake in shares of Credicorp in the 3rd quarter valued at about $205,000. Tower Research Capital LLC TRC bought a new stake in shares of Credicorp in the 3rd quarter valued at about $241,000. American International Group Inc. bought a new stake in shares of Credicorp in the 3rd quarter valued at about $260,000. Finally, Atria Investments LLC bought a new stake in shares of Credicorp in the 3rd quarter valued at about $272,000. Institutional investors and hedge funds own 66.36% 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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