Intercorp Financial Services (NYSE:IFS – Get Free Report) posted its quarterly earnings results on Monday. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.20), Zacks reports. The business had revenue of $497.27 million during the quarter, compared to analysts’ expectations of $513.01 million. Intercorp Financial Services had a net margin of 34.16% and a return on equity of 16.93%.
Intercorp Financial Services Price Performance
IFS stock traded up $2.27 during midday trading on Wednesday, reaching $50.84. The stock had a trading volume of 34,078 shares, compared to its average volume of 257,974. The company’s fifty day simple moving average is $53.02 and its 200 day simple moving average is $51.89. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.59. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.62 and a beta of 0.70. Intercorp Financial Services has a 52-week low of $38.29 and a 52-week high of $61.38.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Wall Street Zen cut Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Weiss Ratings cut Intercorp Financial Services from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on Intercorp Financial Services from $56.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Intercorp Financial Services has an average rating of “Hold” and an average target price of $62.00.
Check Out Our Latest Stock Analysis on IFS
About Intercorp Financial Services
Intercorp Financial Services Inc. is a Peru-based financial services holding company and part of the Intercorp group. Through its subsidiaries, it provides banking, insurance, wealth management and payment services, primarily in Peru. Its banking operations, conducted through Interbank, serve individual and business customers with products such as deposits, loans, credit cards and digital banking services. The company also offers insurance products through Interseguro, including life and savings-related coverage.
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