Credicorp (NYSE:BAP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries “

Other equities analysts have also issued reports about the company. Citigroup lowered Credicorp from a “buy” rating to a “neutral” rating in a report on Tuesday, April 9th. ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a report on Friday, February 8th. TheStreet raised Credicorp from a “c+” rating to a “b-” rating in a report on Wednesday, January 23rd. Bank of America lowered Credicorp from a “neutral” rating to an “underperform” rating in a report on Monday, February 11th. Finally, JPMorgan Chase & Co. lowered Credicorp from an “overweight” rating to a “neutral” rating and upped their target price for the company from $232.00 to $240.00 in a report on Monday, February 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Credicorp currently has a consensus rating of “Hold” and an average target price of $254.50.

Shares of BAP opened at $231.34 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.18 and a quick ratio of 1.16. The company has a market cap of $18.45 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.11 and a beta of 0.74. Credicorp has a 52 week low of $207.41 and a 52 week high of $252.49.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Wednesday, February 6th. The bank reported $3.58 EPS for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.37). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.07 billion. Credicorp had a return on equity of 17.24% and a net margin of 25.05%. Analysts expect that Credicorp will post 16.92 EPS for the current year.

A number of institutional investors have recently bought and sold shares of BAP. Bank of New York Mellon Corp lifted its stake in Credicorp by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 83,431 shares of the bank’s stock valued at $18,612,000 after purchasing an additional 1,453 shares during the last quarter. LPL Financial LLC lifted its stake in Credicorp by 19.5% in the third quarter. LPL Financial LLC now owns 6,535 shares of the bank’s stock valued at $1,458,000 after purchasing an additional 1,067 shares during the last quarter. Putnam Investments LLC purchased a new position in Credicorp in the third quarter valued at approximately $6,452,000. Advisors Asset Management Inc. lifted its stake in Credicorp by 20.9% in the third quarter. Advisors Asset Management Inc. now owns 9,658 shares of the bank’s stock valued at $2,155,000 after purchasing an additional 1,667 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in Credicorp in the third quarter valued at approximately $1,227,000. Institutional investors and hedge funds own 67.20% of the company’s stock.

Credicorp Company Profile

Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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