Analyst Rating Update on Popular (BPOP)

Popular (BPOP) : The consensus on Popular (BPOP) based on 4 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Popular (BPOP) : Average target price received by Popular (BPOP) is $34.75 with an expected standard deviation of $1.26. The most aggressive target on the stock is $36, whereas the most downbeat target is $33. 4 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


Popular (NASDAQ:BPOP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.80 and $33.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.15, notching a gain of 0.74% for the day. The total traded volume was 849,573 . The stock had closed at $33.90 on the previous day.

Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA). The Companys BPPR segment provides retail, including residential mortgage loans originations and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Companys BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for the Companys operations in the United States. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.

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