Popular (BPOP) Receives Analyst Rating

Popular (BPOP) : 4 analysts are covering Popular (BPOP) and their average rating on the stock is 2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Popular (BPOP) : Currently there are 4 street experts covering Popular (BPOP) stock. The most bullish and bearish price target for the stock is $48 and $33 respectively for the short term. The average price target of all the analysts comes to $38. The estimated standard deviation from the target is $6.78.


Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Popular (NASDAQ:BPOP). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Morgan Stanley raises the price target from $31 per share to $33 per share. The rating by the firm was issued on August 1, 2016.

Popular (NASDAQ:BPOP): After opening at $38.43, the stock dipped to an intraday low of $38.26 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.77 and the buying power remained strong till the end. The stock closed at $38.57 for the day, a gain of 0.44% for the day session. The total traded volume was 483,497. The stocks close on the previous trading day was $38.4.

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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