Intercorp Financial Services Inc. (NYSE:IFS) Receives Average Analyst Rating of “Hold”


Shares of Intercorp Financial Services Inc. (NYSE:IFS – Get Rating) received a consensus “Hold” recommendation from the six research firms that currently cover the stock, MarketBeat.com reports. Five analysts gave the stock a hold rating and one gave the company a buy rating. The average 1-year target price among brokerages that updated their coverage on the stock in the past year is $31.50.

A number of equity research analysts have published reports on the stock. Itaú Unibanco downgraded shares of Intercorp Financial Services from an “outperform” rating to a “market performer” rating and set a target price of $35.00 for the company. in a Friday, March 11 research note. Itau BBA Securities downgraded shares of Intercorp Financial Services from an “outperform” rating to a “market performer” rating and set a target price of $35.00 for the company. in a Friday, March 11 research note. Finally, Zacks Investment Research upgraded shares of Intercorp Financial Services from a “sell” to a “hold” rating in a Saturday, April 2 research note.

Intercorp Financial Services stock opened at $27.33 on Friday. The company has a 50-day moving average price of $32.70 and a 200-day moving average price of $29.34. Intercorp Financial Services has a 52-week low of $17.67 and a 52-week high of $37.64. The company has a market capitalization of $3.15 billion, a price/earnings ratio of 6.78, a P/E/G ratio of 0.50 and a beta of 1.34.

Intercorp Financial Services (NYSE: IFS – Get Rating) last released quarterly earnings data on Friday, February 11. The company reported EPS of $0.56 for the quarter, missing analyst consensus estimates of $0.68 per ($0.12). Intercorp Financial Services achieved a return on equity of 18.88% and a net margin of 38.19%. The company posted revenue of $253.62 million in the quarter, versus analyst estimates of $299.90 million. Stock analysts expect Intercorp Financial Services to post earnings per share of 3.8 for the current year.

The company also recently declared an annual dividend, which will be paid on Friday, May 6. Shareholders of record on Thursday, April 28 will receive a dividend of $1.75 per share. The ex-dividend date is Wednesday, April 27. This represents a dividend yield of 4.8%. This is an increase from Intercorp Financial Services’ previous annual dividend of $0.77. Intercorp Financial Services’ dividend payout ratio (DPR) is currently 41.19%.

Institutional investors have recently increased or reduced their stake in the company. Bank of America Corp DE increased its equity stake in Intercorp Financial Services by 146.2% during the second quarter. Bank of America Corp DE now owns 2,031 shares of the company valued at $51,000 after buying an additional 1,206 shares in the last quarter. Deutsche Bank AG increased its stake in Intercorp Financial Services by 1,150.0% in the third quarter. Deutsche Bank AG now owns 2,500 shares of the company worth $56,000 after acquiring an additional 2,300 shares during the period. Victory Capital Management Inc. bought a new position in Intercorp Financial Services in Q4 worth $403,000. Morgan Stanley increased its stake in Intercorp Financial Services by 804.6% in the first quarter. Morgan Stanley now owns 16,953 shares of the company worth $507,000 after acquiring an additional 15,079 shares during the period. Finally, American Century Companies Inc. increased its stake in Intercorp Financial Services by 31.7% in the 4th quarter. American Century Companies Inc. now owns 17,155 shares of the company worth $453,000 after acquiring 4,127 additional shares during the period. Institutional investors and hedge funds hold 8.66% of the company’s shares.

Intercorp Financial Services Company Profile (Get a rating)

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

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Analyst Recommendations for Intercorp Financial Services (NYSE: IFS)



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