Intercorp Financial Services (NYSE:IFS) Reaches New 12-Month Low at $20.65

Shares of Intercorp Financial Services Inc. (NYSE:IFSGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $20.65 and last traded at $21.03, with a volume of 16225 shares changing hands. The stock had previously closed at $21.24.

Analyst Upgrades and Downgrades

IFS has been the topic of several research analyst reports. Grupo Santander upgraded Intercorp Financial Services from a “neutral” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Wednesday, August 24th. TheStreet upgraded Intercorp Financial Services from a “d” rating to a “c+” rating in a research report on Monday, August 29th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.75.

Intercorp Financial Services Stock Down 1.0 %

The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 0.51 and a beta of 1.39. The stock has a fifty day moving average of $22.95 and a 200-day moving average of $26.47.

Intercorp Financial Services (NYSE:IFSGet Rating) last issued its earnings results on Monday, August 15th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.36). The company had revenue of $333.88 million during the quarter, compared to analyst estimates of $338.76 million. Intercorp Financial Services had a return on equity of 15.36% and a net margin of 32.00%. As a group, sell-side analysts expect that Intercorp Financial Services Inc. will post 3.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IFS. Schroder Investment Management Group grew its holdings in shares of Intercorp Financial Services by 88.4% during the fourth quarter. Schroder Investment Management Group now owns 267,222 shares of the company’s stock valued at $7,049,000 after buying an additional 125,380 shares in the last quarter. Discovery Capital Management LLC CT boosted its position in Intercorp Financial Services by 37.2% during the fourth quarter. Discovery Capital Management LLC CT now owns 141,069 shares of the company’s stock valued at $3,721,000 after purchasing an additional 38,253 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Intercorp Financial Services by 7.8% during the first quarter. Handelsbanken Fonder AB now owns 246,345 shares of the company’s stock valued at $8,511,000 after purchasing an additional 17,800 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Intercorp Financial Services during the first quarter valued at $225,000. Finally, American Century Companies Inc. boosted its position in Intercorp Financial Services by 42.1% during the first quarter. American Century Companies Inc. now owns 24,371 shares of the company’s stock valued at $842,000 after purchasing an additional 7,216 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Intercorp Financial Services Company Profile

(Get Rating)

Intercorp Financial Services Inc provides banking, insurance, and wealth management services for retail and commercial 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 time deposits, certificates of deposit, and compensation for service time accounts.

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