Intercorp Financial Services (NYSE: IFS) was upgraded to a “Buy” rating by the equity research analysts at Banco Santander in a report released on Friday, TipRanks reports. The broker currently has a price target of $ 28.00 on the stock. Banco Santander’s price target would indicate a potential upside of 27.85% versus the company’s current price.
Other equity analysts have also published reports on the company recently. JPMorgan Chase & Co. raised Intercorp Financial Services from “underweight” to “neutral” in a research report on Tuesday, August 10th. Zacks Investment Research downgraded Intercorp Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, August 13th. Finally, Grupo Santander raised Intercorp Financial Services from a “hold” rating to a “buy” rating and set a price target of $ 28.00 for the company in a research release on Friday. One research analyst has rated the stock with a sell rating, two with a hold rating and two with a buy rating. According to data from MarketBeat, the stock currently has an average “hold” rating and a consensus price target of $ 29.60.
The NYSE IFS traded around $ 0.45 on Friday to hit $ 21.90. 6 shares of the stock were traded in hands, compared to an average volume of 77,547. The company has a debt of 0.89, a quick ratio of 1.19 and a current ratio of 1.21. The company’s fifty-day moving average is $ 21.28 and the company’s 200-day moving average is $ 25.43. Intercorp Financial Services has a 12-month low of $ 17.67 and a 12-month high of $ 35.96. The company has a market capitalization of $ 2.53 billion and a price / earnings ratio of 5.50.
Intercorp Financial Services (NYSE: IFS) last released its quarterly earnings data on Wednesday, August 11th. The company reported $ 1.04 EPS for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.77 by $ 0.27. The company had revenue of $ 412.29 million for the quarter, compared to the consensus estimate of $ 295.20 million. Intercorp Financial Services had a net margin of 33.32% and a return on equity of 18.55%. Analysts expect Intercorp Financial Services to post 3.69 EPS for the current financial year.
A number of major investors have recently changed their positions in the business. Bank of America Corp DE increased its stake in Intercorp Financial Services by 146.2% in the second quarter. Bank of America Corp DE now owns 2,031 shares in the company valued at $ 51,000 after purchasing an additional 1,206 shares last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Intercorp Financial Services worth approximately $ 70,000 in the second quarter. UBS Group AG acquired a new stake in Intercorp Financial Services worth around US $ 96,000 in the first quarter. Legal & General Group Plc increased its position in Intercorp Financial Services shares by 55.7% in the second quarter. Legal & General Group Plc now owns 10,997 shares in the company valued at $ 276,000 after purchasing an additional 3,934 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new position in Intercorp Financial Services shares valued at approximately $ 278,000 in the second quarter. Institutional investors and hedge funds own 9.32% of the company’s stock.
About Intercorp Financial Services
Intercorp Financial Services Inc provides banking, insurance, and asset management services to private and business clients in Peru. The company operates in three segments: banking, insurance and asset management. It offers transaction accounts such as Cuenta Sueldo and Cuenta Simple; Savings accounts; Investment accounts; and term deposits, certificates of deposit and compensation for service accounts.
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