Is Credicorp Ltd. (USA) (BAP) a Buy? The Stock Reaches 52-Week High Today

June 20, 2017 - By Ellis Scott

The stock of Credicorp Ltd. (USA) (NYSE:BAP) hit a new 52-week high and has $197.40 target or 8.00 % above today’s $182.78 share price. The 9 months bullish chart indicates low risk for the $17.51B company. The 1-year high was reported on Jun, 20 by If the $197.40 price target is reached, the company will be worth $1.40B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 39,858 shares traded. Credicorp Ltd. (USA) (NYSE:BAP) has risen 23.51% since June 20, 2016 and is uptrending. It has outperformed by 6.81% the S&P500.

Credicorp Ltd. (USA) (NYSE:BAP) Ratings Coverage

Among 6 analysts covering Credicorp LTD (NYSE:BAP), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Credicorp LTD has $196 highest and $142 lowest target. $169.25’s average target is -7.40% below currents $182.78 stock price. Credicorp LTD had 9 analyst reports since September 11, 2015 according to SRatingsIntel. JP Morgan maintained the stock with “Overweight” rating in Thursday, August 11 report. The rating was upgraded by Morgan Stanley to “Overweight” on Friday, September 11. The company was maintained on Wednesday, September 21 by Credit Suisse. Barclays Capital maintained Credicorp Ltd. (USA) (NYSE:BAP) on Tuesday, March 15 with “Overweight” rating. The firm has “Hold” rating given on Thursday, March 24 by Santander. The stock of Credicorp Ltd. (USA) (NYSE:BAP) earned “Outperform” rating by Scotia Capital on Tuesday, March 15.

Credicorp Ltd. is a financial services holding firm in Peru. The company has market cap of $17.51 billion. The Firm has four operating divisions based on its services and products, which include banking, insurance, pension funds and investment banking. It has a 13.16 P/E ratio. The Company’s operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros ; Prima AFP S.A., and Credicorp Capital Ltd. (Credicorp Capital).

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