Popular (BPOP) : Analyst Rating Update

Popular (BPOP) : The consensus on Popular (BPOP) based on 5 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 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) : The consensus price target for Popular (BPOP) is $33.5 for the short term with a standard deviation of $1.73. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $32.

Popular (NASDAQ:BPOP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.84 and $27.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.10, notching a gain of 0.36% for the day. The total traded volume was 430,291 . The stock had closed at $28.00 on the previous day.

Also, Barclays initiates coverage on Popular (NASDAQ:BPOP) The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency announces the price target to $32 per share. The rating by the firm was issued on June 23, 2016. The company shares have dropped -0.64% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $32.79 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $29.96 and the 200 Day Moving Average price is recorded at $27.92.

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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