Intercorp Financial Services (NYSE:IFS) Hits New 1-Year High – Should You Buy?

Intercorp Financial Services Inc. (NYSE:IFS) shares reached a new 52-week high on Wednesday . The company traded as high as $58.26 and last traded at $57.58, with a volume of 18197 shares changing hands. The stock had previously closed at $56.96.

Analysts Set New Price Targets

IFS has been the topic of several research reports. JPMorgan Chase & Co. lowered shares of Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price target on the stock. in a report on Monday, June 15th. Zacks Research lowered shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Intercorp Financial Services currently has an average rating of “Hold” and a consensus price target of $56.00.

Intercorp Financial Services Stock Performance

The company has a market capitalization of $6.46 billion, a P/E ratio of 10.87, a PEG ratio of 0.80 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average price of $50.16 and a two-hundred day moving average price of $48.16.

Intercorp Financial Services (NYSE:IFS) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. The business had revenue of $508.76 million during the quarter. Equities analysts forecast that Intercorp Financial Services Inc. will post 5.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intercorp Financial Services

Several large investors have recently modified their holdings of the business. PVG Asset Management Corp bought a new stake in shares of Intercorp Financial Services in the first quarter worth $1,352,000. Lazard Asset Management LLC raised its holdings in Intercorp Financial Services by 3.2% during the 1st quarter. Lazard Asset Management LLC now owns 171,339 shares of the company’s stock worth $8,601,000 after purchasing an additional 5,328 shares during the last quarter. Sei Investments Co. lifted its position in shares of Intercorp Financial Services by 14.0% in the 1st quarter. Sei Investments Co. now owns 21,337 shares of the company’s stock worth $1,071,000 after purchasing an additional 2,618 shares during the period. Barings LLC acquired a new position in shares of Intercorp Financial Services in the 1st quarter worth approximately $1,349,000. Finally, Matthews International Capital Management LLC bought a new stake in shares of Intercorp Financial Services in the 1st quarter valued at $3,634,000.

Intercorp Financial Services Company Profile

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.