Credicorp (NYSE:BAP) Stock Rating Lowered by Bank of America

Bank of America downgraded shares of Credicorp (NYSE:BAP) from a buy rating to a neutral rating in a research report report published on Monday morning, Marketbeat Ratings reports. Bank of America currently has $208.00 target price on the bank’s stock, down from their prior target price of $209.00.

A number of other equities analysts have also weighed in on the company. The Goldman Sachs Group boosted their target price on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

Credicorp Price Performance

Shares of NYSE:BAP opened at $184.75 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. Credicorp has a 1-year low of $144.22 and a 1-year high of $200.00. The business has a fifty day moving average price of $188.55 and a 200-day moving average price of $175.82.

Hedge Funds Weigh In On Credicorp

A number of hedge funds have recently made changes to their positions in BAP. Brown Brothers Harriman & Co. bought a new stake in Credicorp during the 3rd quarter valued at approximately $58,000. Headlands Technologies LLC purchased a new stake in Credicorp during the 2nd quarter valued at approximately $84,000. Atlas Capital Advisors LLC grew its holdings in Credicorp by 14.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after buying an additional 89 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Credicorp during the second quarter valued at approximately $210,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Credicorp in the third quarter worth about $216,000. Institutional investors own 89.81% of the company’s stock.

About Credicorp

Credicorp Ltd. 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 Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.