Credicorp Stock Hits New 52-Week High (BAP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Credicorp (NYSE: BAP) hit a new 52-week high Thursday as it is currently trading at $160.59, above its previous 52-week high of $160.35 with 48,433 shares traded as of 10:20 a.m. ET. Average volume has been 295,100 shares over the past 30 days.

Credicorp has a market cap of $12.52 billion and is part of the financial sector and banking industry. Shares are up 8.5% year to date as of the close of trading on Wednesday.

Credicorp Ltd., through its subsidiaries, provides a range of financial products and services in Peru, Bolivia, and Panama. It operates in four segments: Banking, Insurance, Pension Fund, and Brokerage and Other. The company has a P/E ratio of 17.6, equal to the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Credicorp as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Credicorp Ratings Report.

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