Intercorp Financial Services (NYSE:IFS – Get Free Report) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $56.00 to $62.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 13.34% from the company’s current price.
IFS has been the subject of a number of other reports. Wall Street Zen lowered shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Wednesday, August 19th. Finally, Zacks Research upgraded shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $62.00.
Read Our Latest Analysis on Intercorp Financial Services
Intercorp Financial Services Price Performance
Intercorp Financial Services (NYSE:IFS – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.08. Intercorp Financial Services had a return on equity of 17.06% and a net margin of 34.81%.The business had revenue of $554.15 million during the quarter, compared to analyst estimates of $520.46 million. Equities research analysts forecast that Intercorp Financial Services will post 5.98 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in Intercorp Financial Services by 106.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock valued at $32,000 after buying an additional 384 shares during the period. DGS Capital Management LLC bought a new stake in Intercorp Financial Services during the first quarter worth about $213,000. BTG Pactual Asset Management US LLC bought a new stake in Intercorp Financial Services during the second quarter worth about $250,000. Pinnacle Associates Ltd. purchased a new stake in Intercorp Financial Services in the third quarter worth about $275,000. Finally, Jane Street Group LLC bought a new position in shares of Intercorp Financial Services during the first quarter valued at approximately $287,000.
Intercorp Financial Services Company Profile
Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.
The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.
See Also
- Five stocks we like better than Intercorp Financial Services
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
- Permian Resources Rally Faces a Test
Receive News & Ratings for Intercorp Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercorp Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.
