Intercorp Financial Services (NYSE:IFS) Stock Rating Lowered by Zacks Research

Intercorp Financial Services (NYSE:IFS) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

Several other research firms have also recently weighed in on IFS. JPMorgan Chase & Co. raised their price target on Intercorp Financial Services from $56.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Weiss Ratings raised Intercorp Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, October 6th. Finally, Wall Street Zen lowered Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.00.

Intercorp Financial Services Trading Down 0.3%

Intercorp Financial Services stock opened at $50.76 on Tuesday. The stock has a market cap of $5.64 billion, a P/E ratio of 9.28, a PEG ratio of 0.67 and a beta of 0.79. Intercorp Financial Services has a fifty-two week low of $38.29 and a fifty-two week high of $61.38. The firm’s fifty day moving average price is $54.25 and its 200-day moving average price is $51.80. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.08 and a current ratio of 1.10.

Intercorp Financial Services (NYSE:IFS) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.08. Intercorp Financial Services had a return on equity of 17.06% and a net margin of 34.81%. The company had revenue of $493.38 million for the quarter, compared to the consensus estimate of $520.46 million. Equities research analysts forecast that Intercorp Financial Services will post 6.11 earnings per share for the current fiscal year.

Institutional Trading of Intercorp Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC raised its position in Intercorp Financial Services by 1.8% during the second quarter. Tidal Investments LLC now owns 17,022 shares of the company’s stock valued at $970,000 after purchasing an additional 296 shares in the last quarter. Fortitude Family Office LLC bought a new stake in Intercorp Financial Services during the third quarter worth about $25,000. Farther Finance Advisors LLC bought a new stake in Intercorp Financial Services during the third quarter worth about $30,000. Sei Investments Co. lifted its stake in Intercorp Financial Services by 14.0% during the first 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 last quarter. Finally, DGS Capital Management LLC purchased a new position in shares of Intercorp Financial Services in the 1st quarter worth about $213,000.

About Intercorp Financial Services

Intercorp Financial Services Inc (NYSE: IFS) is a Peru-based financial services holding company that provides banking, insurance, investment, and payment services primarily in Peru. The company serves individuals, businesses, and institutional customers through a portfolio of financial businesses operating under the Intercorp platform.

Its principal banking operations are conducted through Interbank, which offers consumer and commercial banking products such as deposits, loans, credit cards, mortgages, payments, and other financial services.