The stock price of Intercorp Financial Services Inc (NYSE: IFS) has jumped by 4.37 compared to previous close of 23.11. Despite this, the company has seen a gain of 1.09% in its stock price over the last five trading days. PRNewsWire reported 2024-03-18 that LIMA, Peru, March 18, 2024 /PRNewswire/ — Intercorp Financial Services Inc. (“IFS” or the “Company”) (BVL/NYSE: IFS) announced that, in accordance with the Company’s Bylaws, its Virtual Annual Shareholders’ Meeting will be held on April 1, 2024, with the first call at 09:30 a.m. Peru Standard Time.
Is It Worth Investing in Intercorp Financial Services Inc (NYSE: IFS) Right Now?
Intercorp Financial Services Inc (NYSE: IFS) has a higher price-to-earnings ratio of 9.72x compared to its average ratio, The 36-month beta value for IFS is at 1.13. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IFS is 33.92M, and currently, shorts hold a 0.47% of that float. The average trading volume for IFS on April 11, 2024 was 126.04K shares.
IFS’s Market Performance
IFS stock saw a decrease of 1.09% in the past week, with a monthly decline of -14.77% and a quarterly a decrease of 8.84%. The volatility ratio for the week is 2.80%, and the volatility levels for the last 30 days are 2.81% for Intercorp Financial Services Inc (IFS). The simple moving average for the past 20 days is -4.92% for IFS’s stock, with a 4.71% simple moving average for the past 200 days.
Analysts’ Opinion of IFS
Many brokerage firms have already submitted their reports for IFS stocks, with Jefferies repeating the rating for IFS by listing it as a “Buy.” The predicted price for IFS in the upcoming period, according to Jefferies is $34.90 based on the research report published on October 16, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see IFS reach a price target of $27. The rating they have provided for IFS stocks is “Overweight” according to the report published on June 01st, 2023.
Scotiabank gave a rating of “Sector Outperform” to IFS, setting the target price at $32 in the report published on December 15th of the previous year.
IFS Trading at -7.55% from the 50-Day Moving Average
After a stumble in the market that brought IFS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.15% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares sank -13.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.06% upper at present.
During the last 5 trading sessions, IFS rose by +1.09%, which changed the moving average for the period of 200-days by +1.43% in comparison to the 20-day moving average, which settled at $25.18. In addition, Intercorp Financial Services Inc saw 9.89% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IFS starting from INTERCORP PERU LTD, who purchase 437,369 shares at the price of $19.60 back on Mar 26 ’24. After this action, INTERCORP PERU LTD now owns 1,253,535 shares of Intercorp Financial Services Inc, valued at $8,572,433 using the latest closing price.
INTERCORP PERU LTD, the 10% Owner of Intercorp Financial Services Inc, purchase 321,466 shares at $20.00 during a trade that took place back on Dec 20 ’23, which means that INTERCORP PERU LTD is holding 816,166 shares at $6,429,325 based on the most recent closing price.
Stock Fundamentals for IFS
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 1.0 for the gross margin
The net margin for Intercorp Financial Services Inc stands at 0.16. The total capital return value is set at 0.03. Equity return is now at value 10.79, with 1.21 for asset returns.
Based on Intercorp Financial Services Inc (IFS), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.09. The interest coverage ratio of the stock is 1.1.
Currently, EBITDA for the company is 4.04 billion with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.38. The receivables turnover for the company is 4.12for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
In conclusion, Intercorp Financial Services Inc (IFS) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
