Credicorp (NYSE:BAP) Posts Earnings Results, Misses Estimates By $0.19 EPS

Credicorp (NYSE:BAP) released its quarterly earnings data on Monday. The bank reported $7.06 EPS for the quarter, missing analysts’ consensus estimates of $7.25 by ($0.19), FiscalAI reports. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.92 billion. Credicorp had a return on equity of 19.49% and a net margin of 25.26%.

Credicorp Price Performance

Shares of NYSE BAP traded down $0.84 during mid-day trading on Wednesday, hitting $366.96. 25,582 shares of the stock were exchanged, compared to its average volume of 412,711. Credicorp has a twelve month low of $230.45 and a twelve month high of $413.24. The stock’s fifty day simple moving average is $375.75 and its two-hundred day simple moving average is $360.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $34.63 billion, a P/E ratio of 13.06, a PEG ratio of 0.69 and a beta of 0.89.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BAP shares. JPMorgan Chase & Co. raised Credicorp from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $453.00 to $482.00 in a report on Wednesday, September 16th. Weiss Ratings cut Credicorp from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, November 4th. UBS Group upped their price target on Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group increased their price objective on Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $431.80.

Credicorp Company Profile

Credicorp is a financial services holding company based in Lima, Peru. Through its subsidiaries, it provides commercial and retail banking, insurance, pension-fund management, investment banking, wealth management, microfinance and digital payment services. Its businesses include Banco de Crédito del Perú (BCP), the country’s largest bank; Pacífico Seguros; pension administrator Prima AFP; investment and wealth-management firm Credicorp Capital; and microfinance bank Mibanco. BCP traces its history to 1889, when it was established as Banco Italiano.