5 Best 52-Week Low Stocks to Buy Now

2. Credicorp Ltd. (NYSE: BAP)

Number of Hedge Fund Holders: 22
Price as of August 1, 2021: $100.96

Credicorp Ltd. (NYSE: BAP) stock has pulled back 20% over the past year. It is ranked second on our list of 10 best 52-week low stocks to buy now. The firm operates as a financial services firm and is based in Peru. It has a market cap of over $8 billion and posted more than $2 billion in revenue last year. Some of the finance services offered by the firm include insurance, pensions, loans, credits, deposits, and wealth management. The firm was founded in 1889 and employs over 36,000 people. 

On June 9, investment advisory Citi downgraded Credicorp Ltd. (NYSE: BAP) stock to Sell from Neutral, reducing the price target to $114 from $195, noting higher short-term uncertainty around the firm and its earnings results. 

At the end of the first quarter of 2021, 22 hedge funds in the database of Insider Monkey held stakes worth $236 million in Credicorp Ltd. (NYSE: BAP), up from 15 in the previous quarter worth $203 million.