Credicorp (NYSE:BAP) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Credicorp Ltd. (NYSE:BAP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $178.44 and traded as high as $184.80. Credicorp shares last traded at $183.61, with a volume of 168,521 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a 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 note on Tuesday, November 12th. Finally, Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Price Performance

The business has a fifty day moving average price of $187.21 and a 200 day moving average price of $178.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12.

Hedge Funds Weigh In On Credicorp

Large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new position in shares of Credicorp in the third quarter valued at approximately $58,000. Headlands Technologies LLC bought a new position in Credicorp during the 2nd quarter valued at $84,000. Sanctuary Advisors LLC bought a new position in Credicorp during the 2nd quarter valued at $210,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Credicorp during the 3rd quarter valued at $216,000. Finally, Atomi Financial Group Inc. bought a new stake in shares of Credicorp in the 3rd quarter worth $236,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Company Profile

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.