Shares of Intercorp Financial (NYSE:IFS) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $45.25.
Several brokerages recently commented on IFS. Zacks Investment Research lowered Intercorp Financial from a “strong-buy” rating to a “strong sell” rating in a research note on Saturday, April 18th. Banco Santander lowered Intercorp Financial to a “hold” rating and set a $34.00 price target on the stock. in a research note on Tuesday, June 23rd. Santander lowered Intercorp Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Scotiabank lowered Intercorp Financial from a “sector outperform” rating to a “sector perform” rating and set a $34.00 price target on the stock. in a research note on Wednesday, June 24th.
Several hedge funds have recently added to or reduced their stakes in the company. CI Investments Inc. bought a new stake in shares of Intercorp Financial during the fourth quarter worth $71,420,000. Goldman Sachs Group Inc. raised its position in shares of Intercorp Financial by 0.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,275,139 shares of the company’s stock worth $52,663,000 after acquiring an additional 8,154 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Intercorp Financial by 1.9% during the fourth quarter. Handelsbanken Fonder AB now owns 426,345 shares of the company’s stock worth $17,608,000 after acquiring an additional 8,000 shares during the last quarter. Compass Group LLC raised its position in shares of Intercorp Financial by 0.9% during the first quarter. Compass Group LLC now owns 411,035 shares of the company’s stock worth $11,394,000 after acquiring an additional 3,598 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Intercorp Financial by 17.9% during the fourth quarter. FMR LLC now owns 351,383 shares of the company’s stock worth $14,512,000 after purchasing an additional 53,387 shares during the period.
Intercorp Financial (NYSE:IFS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.50). The firm had revenue of $371.09 million during the quarter, compared to the consensus estimate of $368.48 million. Sell-side analysts expect that Intercorp Financial will post 1.81 earnings per share for the current year.
Intercorp Financial Company Profile
Intercorp Financial Services, Inc is a holding company, which engages in the provision of financial services. Through its subsidiaries, it operates through the following business segments: Banking, Insurance, and Wealth Management. The Banking segment provides a range of retail banking and commercial banking products, and services to individuals, large companies, and small and medium enterprises.
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