Popular Shares Up 4.5% Following Analyst Upgrade (BPOP)
Popular (NASDAQ:BPOP)’s share price rose 4.5% during trading on Thursday after Sandler O’Neill raised their price target on the stock from $2.00 to $38.00, StockRatingsNetwork.com reports. The stock traded as high as $34.10 and last traded at $33.73, with a volume of 1,309,706 shares trading hands. The stock had previously closed at $32.28.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim raised their price target on shares of Popular from $3.00 to $34.00 in a research note on Thursday, April 24th. They now have a “neutral” rating on the stock. Analysts at Morgan Stanley raised their price target on shares of Popular from $25.00 to $26.00 in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.74.
The stock has a 50-day moving average of $30.53 and a 200-day moving average of $29.24. The company has a market cap of $3.493 billion and a P/E ratio of 4.15.
Popular (NASDAQ:BPOP) last released its earnings data on Wednesday, April 23rd. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.17. During the same quarter last year, the company posted ($1.18) earnings per share. On average, analysts predict that Popular will post $2.76 earnings per share for the current fiscal year.
Popular, Inc (NASDAQ:BPOP) is a diversified, publicly owned bank holding company.
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