In the past week, BAP stock has gone up by 4.47%, with a monthly gain of 3.78% and a quarterly surge of 14.19%. The volatility ratio for the week is 2.51%, and the volatility levels for the last 30 days are 2.13% for Credicorp Ltd The simple moving average for the past 20 days is 5.64% for BAP’s stock, with a 19.20% simple moving average for the past 200 days.
Is It Worth Investing in Credicorp Ltd (NYSE: BAP) Right Now?
The price-to-earnings ratio for Credicorp Ltd (NYSE: BAP) is above average at 10.78x, Company’s 36-month beta value is 1.11.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for BAP is 52.09M, and currently, short sellers hold a 1.11% ratio of that floaft. The average trading volume of BAP on May 10, 2024 was 253.38K shares.
BAP) stock’s latest price update
Credicorp Ltd (NYSE: BAP)’s stock price has soared by 0.10 in relation to previous closing price of 176.00. Nevertheless, the company has seen a gain of 4.47% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-26 that Lima, April 26, 2024 (GLOBE NEWSWIRE) — Lima, PERU, April 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 1Q24 Earnings Release Report will be released on Thursday, May 9th, 2024, after market close.
Analysts’ Opinion of BAP
Many brokerage firms have already submitted their reports for BAP stocks, with JP Morgan repeating the rating for BAP by listing it as a “Overweight.” The predicted price for BAP in the upcoming period, according to JP Morgan is $190 based on the research report published on December 15, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see BAP reach a price target of $161.20. The rating they have provided for BAP stocks is “Buy” according to the report published on October 16th, 2023.
Scotiabank gave a rating of “Sector Outperform” to BAP, setting the target price at $207 in the report published on July 07th of the previous year.
BAP Trading at 3.68% from the 50-Day Moving Average
After a stumble in the market that brought BAP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.87% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares surge +6.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.06% upper at present.
During the last 5 trading sessions, BAP rose by +4.43%, which changed the moving average for the period of 200-days by +12.03% in comparison to the 20-day moving average, which settled at $167.33. In addition, Credicorp Ltd saw 17.51% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BAP
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 1.0 for the gross margin
The net margin for Credicorp Ltd stands at 0.26. The total capital return value is set at 0.03. Equity return is now at value 15.90, with 2.06 for asset returns.
Based on Credicorp Ltd (BAP), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is 1.41.
Currently, EBITDA for the company is -315.27 million with net debt to EBITDA at -1.0. When we switch over and look at the enterprise to sales, we see a ratio of 2.41. The receivables turnover for the company is 1.48for 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 a nutshell, Credicorp Ltd (BAP) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
