Popular Sets New 1-Year High at $34.75 (BPOP)
Popular (NASDAQ:BPOP) hit a new 52-week high during trading on Monday , American Banking & Market News reports. The company traded as high as $34.75 and last traded at $33.97, with a volume of 403,496 shares traded. The stock had previously closed at $33.68.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Popular from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $36.30 price target on the stock. Separately, 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, June 20th. Finally, 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, June 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.47.
The stock has a 50-day moving average of $31.06 and a 200-day moving average of $29.48. The company has a market cap of $3.537 billion and a P/E ratio of 4.33.
Popular (NASDAQ:BPOP) last announced its earnings results 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. Analysts expect that Popular will post $3.16 EPS for the current fiscal year.
Popular, Inc (NASDAQ:BPOP) is a diversified, publicly owned bank holding company.
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