Alert: Positive Investment/Fundamental Signals (12/14/23)-Credicorp Ltd (NYSE: BAP)

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Recent exceptional positive changes in investment behavior have benefitted Credicorp Ltd (NYSE: BAP): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Credicorp Ltd (NYSE: BAP) has benefited from moderate positive changes in fundamentals. Positive developments: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred. Negative development: the stock’s power rating fell below 50.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, BAP is expected to continue to be a major Value Builder.

Credicorp has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Credicorp has a good Appreciation Score of 72 but a neutral Power Rating of 45, leading to the High Neutral Value Trend Rating.

Recent Price Action

Credicorp Ltd (NYSE: BAP) stock closed at $140.33 on 12/14/23 after a very large increase of 7.7%. Moreover, exceptionally high trading volume at 212% of normal accompanied the advance. The stock has risen 12.3% during the last week and has performed in line with the market over the last nine months.

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