In yesterday’s Wall Street session, Credicorp Ltd. (NYSE:BAP) shares traded at $130.00, down -2.14% from the previous session.
As of this writing, 16 analysts cover Credicorp Ltd. (NYSE:BAP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $705.20 and a low of $479.56, we find $628.63. Given the previous closing price of $132.84, this indicates a potential upside of 373.22 percent. BAP stock price is now -4.61% away from the 50-day moving average and -3.50% away from the 200-day moving average. The market capitalization of the company currently stands at $10.24B.
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There are 5 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $626.20 as their price target over the next twelve months.
With the price target maintained at $156, Itau BBA recently Upgraded its rating from Market Perform to Outperform for Credicorp Ltd. (NYSE: BAP)., while ‘Citigroup’ rates the stock as ‘Buy’.
A total of 36.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BAP stock. A new stake in Credicorp Ltd. shares was purchased by DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $46,482,000. DISCOVERY CAPITAL MANAGEMENT, LLC / CT invested $23,758,000 in shares of BAP during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Credicorp Ltd. valued at approximately $13,795,000. ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. acquired a new stake in BAP for approximately $13,082,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in BAP valued at around $10,735,000 in the second quarter. In total, there are 470 active investors with 75.40% ownership of the company’s stock.
Thursday morning saw Credicorp Ltd. (NYSE: BAP) opened at $132.46. During the past 12 months, Credicorp Ltd. has had a low of $113.21 and a high of $182.11. The fifty day moving average price for BAP is $136.29 and a two-hundred day moving average price translates $134.72 for the stock.
The latest earnings results from Credicorp Ltd. (NYSE: BAP) was released for Sep, 2022. According to the Banks – Regional Company, earnings per share came in at $3.44, missing analysts’ expectations of $3.91 by -0.47. This compares to $2.33 EPS in the same period last year. The net profit margin was 28.50% and return on equity was 16.80% for BAP. The company reported revenue of $985.2 million for the quarter, compared to $768.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.23 percent. For the current quarter, analysts expect BAP to generate $1.15B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/10/2022. Investors who held shares on 05/20/2022 were paid a $3.9936 dividend. On an annualized basis, this represents a $4.15 dividend and a 3.19% percent yield. There was an ex-dividend date of 05/19/2022 for this dividend. In terms of dividend payout ratio, BAP is presently at 134.40%.
Credicorp Ltd.(BAP) Company Profile
Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company’s Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities. Its Insurance and Pensions segment issues insurance policies to cover losses in commercial property, transportation, marine vessels, automobile, life, health, and pensions, as well as provides private pension fund management services. The company’s Microfinance segment manages loans, credits, deposits, and current accounts of the small and microenterprises. Its Investment Banking and Wealth Management segment offers its services to corporations, institutional investors, governments, and foundations; engages in structuring and placement of issues in the primary market, as well as the execution and negotiation of operations in the secondary market; and structures securitization processes for corporate customers and manages mutual funds. The company was founded in 1889 and is headquartered in Lima, Peru.
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