Popular Given Average Recommendation of “Hold” by Analysts (NASDAQ:BPOP)
Shares of Popular (NASDAQ:BPOP) have earned a consensus rating of “Hold” from the ten ratings firms that are covering the company, Stock Ratings News reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $35.17.
Shares of Popular (NASDAQ:BPOP) traded down 0.33% during mid-day trading on Friday, hitting $33.65. 172,936 shares of the company’s stock traded hands. Popular has a 52 week low of $23.97 and a 52 week high of $34.34. The stock’s 50-day moving average is $30.53 and its 200-day moving average is $29.24. The company has a market cap of $3.482 billion and a P/E ratio of 4.34.
Popular (NASDAQ:BPOP) last announced its earnings results on Wednesday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. During the same quarter in the previous year, the company posted ($1.18) earnings per share. On average, analysts predict that Popular will post $3.02 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on BPOP shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Popular from $5.00 to $39.00 in a research note on Friday. Separately, analysts at Sandler O’Neill raised their price target on shares of Popular from $2.00 to $38.00 in a research note on Thursday. Finally, 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.
Popular, Inc (NASDAQ:BPOP) is a diversified, publicly owned bank holding company.
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