Shares of Intercorp Financial Services Inc. (NYSE:IFS – Get Rating) received an average recommendation of “Hold” by the six ratings companies that cover the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the past year is $31.50.
Several research analysts have commented on IFS shares. Itaú Unibanco downgraded shares of Intercorp Financial Services from an “outperform” rating to a “market performer” rating and set a price target of $35.00 for the company. in a research report Friday. Zacks Investment Research downgraded shares of Intercorp Financial Services from a “buy” rating to a “sell” rating in a research report on Tuesday, February 15. Finally, Itau BBA Securities downgraded shares of Intercorp Financial Services from an “outperform” rating to a “market performer” rating and set a price target of $35.00 for the company. in a research report Friday.
A number of institutional investors and hedge funds have recently changed their holdings in the company. Legal & General Group Plc increased its stake in Intercorp Financial Services shares by 5.5% during the fourth quarter. Legal & General Group Plc now owns 19,213 shares in the company valued at $508,000 after purchasing an additional 1,002 shares during the period. Bank of America Corp DE increased its holdings of Intercorp Financial Services shares by 146.2% in the second quarter. Bank of America Corp DE now owns 2,031 shares of the company valued at $51,000 after purchasing an additional 1,206 shares during the period. Morgan Stanley increased its holdings of Intercorp Financial Services shares by 12.0% during the second quarter. Morgan Stanley now owns 18,986 shares of the company valued at $477,000 after purchasing an additional 2,033 shares during the period. Credit Suisse AG increased its stake in shares of Intercorp Financial Services by 9.7% during the second quarter. Credit Suisse AG now owns 24,768 shares of the company valued at $630,000 after purchasing an additional 2,200 shares during the period. Finally, Deutsche Bank AG increased its equity stake in Intercorp Financial Services by 1,150.0% during the third quarter. Deutsche Bank AG now owns 2,500 shares of the company valued at $56,000 after purchasing an additional 2,300 shares during the period. 8.66% of the shares are currently held by institutional investors and hedge funds.
IFS stock traded down $0.01 at midday on Friday, hitting $33.59. 98,993 shares of the company have been traded, against an average volume of 83,902. The company has a 50-day simple moving average of $31.16 and a 200-day simple moving average of $26.44. The stock has a market capitalization of $3.88 billion, a PE ratio of 8.34 and a beta of 1.33. Intercorp Financial Services has a 1-year low of $17.67 and a 1-year high of $34.53.
Intercorp Financial Services (NYSE:IFS – Get Rating) last released its quarterly results on Friday, February 11. The company reported earnings per share of $0.56 for the quarter, missing analyst consensus estimates of $0.68 per ($0.12). Intercorp Financial Services posted a net margin of 38.19% and a return on equity of 18.88%. The company posted revenue of $253.62 million in the quarter, compared to analyst estimates of $299.90 million. Sell-side analysts expect Intercorp Financial Services to post earnings per share of 3.8 for the current year.
Intercorp Financial Services Company Profile (Get a rating)
Intercorp Financial Services Inc provides banking, insurance and wealth management services to retail and business clients in Peru. The Company operates through three segments: Banking, Insurance and Wealth Management. It provides transactional accounts, such as cuenta sueldo and cuenta simple; savings accounts; investment accounts; and term deposits, certificates of deposit and compensation for time-of-service accounts.
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