Intercorp Financial Services (NYSE:IFS) Upgraded to Strong-Buy at Zacks Research

Intercorp Financial Services (NYSE:IFS) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Wall Street Zen lowered Intercorp Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $48.00.

Intercorp Financial Services Stock Down 1.0%

Shares of Intercorp Financial Services stock opened at $44.92 on Tuesday. The business’s 50 day simple moving average is $47.22 and its 200 day simple moving average is $45.32. Intercorp Financial Services has a 52-week low of $34.20 and a 52-week high of $53.00. The firm has a market cap of $4.99 billion, a PE ratio of 8.40, a P/E/G ratio of 0.15 and a beta of 0.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.10.

Intercorp Financial Services (NYSE:IFS) last announced its earnings results on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. Intercorp Financial Services had a return on equity of 17.92% and a net margin of 30.53%.The business had revenue of $508.76 million for the quarter. On average, analysts predict that Intercorp Financial Services will post 12.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Sei Investments Co. increased its position in shares of Intercorp Financial Services by 14.0% during 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 last quarter. Barings LLC acquired a new position in shares of Intercorp Financial Services during the 1st quarter worth approximately $1,349,000. Matthews International Capital Management LLC acquired a new position in shares of Intercorp Financial Services during the 1st quarter worth approximately $3,634,000. Hsbc Holdings PLC increased its position in shares of Intercorp Financial Services by 2,364.9% during the 1st quarter. Hsbc Holdings PLC now owns 387,536 shares of the company’s stock worth $19,454,000 after purchasing an additional 371,814 shares during the last quarter. Finally, Channing Global Advisors LLC increased its position in shares of Intercorp Financial Services by 52.3% during the 1st quarter. Channing Global Advisors LLC now owns 22,125 shares of the company’s stock worth $1,111,000 after purchasing an additional 7,602 shares during the last quarter.

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.