Brokerage Firm 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) : The consensus price target for Popular (BPOP) is $38 for the short term with a standard deviation of $6.78. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $48, however, the pessimist price target for the company is $33.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Morgan Stanley maintains its rating on Popular (NASDAQ:BPOP). As per the latest information, the brokerage house raises the price target to $33 per share from a prior target of $31. The shares have been rated Equal-weight. The rating by the firm was issued on August 1, 2016.

Popular (NASDAQ:BPOP): The stock opened at $38.76 and touched an intraday high of $39.23 on Wednesday. During the day, the stock corrected to an intraday low of $38.72, however, the bulls stepped in and pushed the price higher to close in the green at $39.19 with a gain of 0.82% for the day. The total traded volume for the day was 532,173. The stock had closed at $38.87 in the previous trading session.

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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