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Credicorp (BAP) Earnings Preview For Wednesday's Release

Credicorp Ltd.  (BAP) 

Background:Credicorp Ltd., through its subsidiaries, provides a range of financial products and services in Peru, Bolivia, and Panama. Credicorp shares trade an average of 298,000 shares per day and has a marketcap of $10 billion

Investors are looking forward to improving third-quarter earnings on November 7, 2012 The consensus opinion is presently $2.41 a share, a progression of 27 cents (11.2%) from $2.14 during the corresponding period last year. Estimates from analysts range from a low of $2.16 per share, up to the highest estimate of $2.56 per share.

Credicorp pays out $2.3 annually in dividend payments. The yield based on a recent price is 1.8%.

The majority of analysts believe Credicorp continues to offer a buying opportunity. 8 of the 14 analysts covering the company give a buy recommendation. Some (5) are taking a more cautious approach, and rate it a hold. As of the last update I have, 1 analysts recommend selling some or all holdings.

 

3 out of 14 analysts now rate Credicorp a strong buy up from 2 analysts a month ago. Compared to three months ago, even more analysts are rating this company as a strong buy. Shares have really appreciated, gaining 14% in the last year, and the average analyst target price for Credicorp is $139.37.
 

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.8% of the average trading float.


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Stock Tickers: BAP Author Disclosure: NA
Credicorp Ltd.
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