Credit Suisse Maintains Credicorp Ltd. (USA) to Outperform with Price Target $196.00

Brokerage firm Credit Suisse Maintains its rating on Credicorp Ltd. (USA)(NYSE:BAP). In a research note issued to the investors, the brokerage major Raises the price-target to $196.00 per share. The shares have been rated Outperform. The rating by Credit Suisse was issued on Sep 21, 2016.

In a different note, On Aug 11, 2016, JP Morgan said it Maintains its rating on Credicorp Ltd. (USA). In the research note, the firm Raises the price-target to $166.00 per share. The shares have been rated ‘Overweight’ by the firm.

Credicorp Ltd. (USA) (BAP) made into the market gainers list on Tuesdays trading session with the shares advancing 0.98% or 1.49 points. Due to strong positive momentum, the stock ended at $153.9, which is also near the day’s high of $154.37. The stock began the session at $153.86 and the volume stood at 1,72,557 shares. The 52-week high of the shares is $166.26 and the 52 week low is $84.72. The company has a current market capitalization of $14,525 M and it has 9,43,82,317 shares in outstanding.

Credicorp Ltd. (USA)(BAP) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $896.69M. Analysts had an estimated revenue of $912.65M. Earnings per share were $3.29. Analysts had estimated an EPS of $3.14.

Credicorp Ltd. is a financial services holding company in Peru. The Company is has four operating segments based on its products and services. Its operational segments include banking insurance pension funds and investment banking. The Company’s five principal operating subsidiaries include Banco de Credito del Peru (BCP); Atlantic Security Bank (ASB) which it holds through Atlantic Security Holding Corporation (ASHC); El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP and Credicorp Capital. Its banking business is principally focused on commercial and consumer loans credit facilities deposits current accounts and credit cards. It conducts its insurance business through Grupo Pacifico which is a Peruvian insurance company. Its investment banking business units are grouped under Credicorp Capital which carries out its operations in the region through Credicorp Capital Peru Credicorp Capital Colombia (formerly Correval) and IM Trust.

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