Intercorp Financial Services (NYSE:IFS) Upgraded to Hold by Zacks Investment Research


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Zacks Investment Research upgraded shares of Intercorp Financial Services (NYSE:IFS) from a strong sell rating to a hold rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “Intercorp Financial Services Inc. provides financial products and services. The Company’s business segment consists of Bank, Insurance, Real Estate Operations and Others. Intercorp Financial Services Inc. is based in Lima, Peru. “

IFS has been the topic of a number of other research reports. BidaskClub raised shares of Intercorp Financial Services from a hold rating to a buy rating in a report on Friday, January 1st. JPMorgan Chase & Co. lowered shares of Intercorp Financial Services from an overweight rating to a neutral rating and set a $23.00 target price on the stock. in a report on Thursday, November 12th. Scotiabank raised shares of Intercorp Financial Services from a sector perform rating to a sector outperform rating and set a $31.00 target price on the stock in a report on Tuesday, October 27th. Finally, ValuEngine raised shares of Intercorp Financial Services from a strong sell rating to a sell rating in a report on Friday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $29.60.

Intercorp Financial Services stock opened at $33.97 on Wednesday. Intercorp Financial Services has a fifty-two week low of $19.23 and a fifty-two week high of $45.01. The stock has a market cap of $3.88 billion and a PE ratio of 32.35. The firm’s 50-day simple moving average is $31.20 and its 200 day simple moving average is $26.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.26.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings results on Wednesday, November 18th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.53. The business had revenue of $334.74 million for the quarter, compared to analysts’ expectations of $311.94 million. Intercorp Financial Services had a net margin of 8.64% and a return on equity of 16.98%. As a group, analysts predict that Intercorp Financial Services will post 0.82 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Morgan Stanley increased its stake in Intercorp Financial Services by 76.7% during the 3rd quarter. Morgan Stanley now owns 2,239 shares of the company’s stock valued at $52,000 after purchasing an additional 972 shares in the last quarter. AXA S.A. increased its holdings in Intercorp Financial Services by 17.6% in the 3rd quarter. AXA S.A. now owns 120,000 shares of the company’s stock worth $2,820,000 after buying an additional 17,920 shares during the period. Handelsbanken Fonder AB increased its holdings in Intercorp Financial Services by 0.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 436,745 shares of the company’s stock worth $10,093,000 after buying an additional 3,500 shares during the period. JPMorgan Chase & Co. increased its holdings in Intercorp Financial Services by 5.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 431,247 shares of the company’s stock worth $10,121,000 after buying an additional 22,299 shares during the period. Finally, FMR LLC increased its holdings in Intercorp Financial Services by 54.9% in the 2nd quarter. FMR LLC now owns 632,862 shares of the company’s stock worth $16,732,000 after buying an additional 224,304 shares during the period. 4.94% of the stock is currently owned by hedge funds and other institutional investors.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc provides financial products and services in Peru. It provides transactional accounts, such as cuenta sueldo and cuenta simple; savings accounts; investment accounts; and time deposits, certificates of deposit, and compensation for service time accounts. The company also offers retail banking, including consumer; payroll deduction; cash, vehicle, student, express, collateralized cash, and other consumer loans; and mortgage loans, as well as credit cards.

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Analyst Recommendations for Intercorp Financial Services (NYSE:IFS)

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