Intercorp Financial Services (NYSE:IFS) Stock Rating Upgraded by Zacks Research

Intercorp Financial Services (NYSE:IFS – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Wall Street Zen downgraded shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $48.00.

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Intercorp Financial Services Trading Down 1.0%

Shares of IFS stock opened at $44.92 on Tuesday. The firm has a 50 day moving average price of $47.22 and a two-hundred day moving average price of $45.32. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $4.99 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.15 and a beta of 0.77. Intercorp Financial Services has a 12-month low of $34.20 and a 12-month high of $53.00.

Intercorp Financial Services (NYSE:IFS – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. The firm had revenue of $508.76 million during the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.92%. As a group, analysts predict that Intercorp Financial Services will post 12.86 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IFS. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 worth $32,000 after purchasing an additional 384 shares during the period. Blue Trust Inc. bought a new position in shares of Intercorp Financial Services during the fourth quarter worth approximately $94,000. DGS Capital Management LLC bought a new position in shares of Intercorp Financial Services during the first quarter worth approximately $213,000. Centiva Capital LP bought a new position in shares of Intercorp Financial Services during the third quarter worth approximately $216,000. Finally, SG Americas Securities LLC increased its holdings in shares of Intercorp Financial Services by 43.1% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after purchasing an additional 1,599 shares during the period.

Intercorp Financial Services Company Profile

(Get Free Report)

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.

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