Popular, Inc. (NASDAQ:BPOP) was upgraded by research analysts at Compass Point from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat Ratings reports.

A number of other analysts have also weighed in on BPOP. Morgan Stanley restated an “equal weight” rating and issued a $43.00 target price (up previously from $42.00) on shares of Popular in a research report on Friday, July 7th. Zacks Investment Research upgraded shares of Popular from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Monday, July 10th. Piper Jaffray Companies restated a “buy” rating and issued a $53.00 target price on shares of Popular in a research report on Friday, July 28th. ValuEngine lowered shares of Popular from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Barclays PLC cut their target price on shares of Popular from $47.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.75.

Popular (BPOP) traded up $0.05 during midday trading on Friday, hitting $34.15. 1,516,007 shares of the company traded hands, compared to its average volume of 1,551,081. The firm has a market cap of $3,484.19, a price-to-earnings ratio of 11.86 and a beta of 1.33. Popular has a twelve month low of $32.04 and a twelve month high of $45.96.

Popular (NASDAQ:BPOP) last posted its quarterly earnings results on Tuesday, October 31st. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.76). The firm had revenue of $478.50 million for the quarter, compared to analyst estimates of $513.85 million. Popular had a return on equity of 5.72% and a net margin of 9.98%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. equities research analysts forecast that Popular will post 3.36 EPS for the current year.

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Institutional investors have recently modified their holdings of the business. Morgan Stanley boosted its position in Popular by 18.2% in the first quarter. Morgan Stanley now owns 567,202 shares of the bank’s stock valued at $23,102,000 after buying an additional 87,306 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Popular by 3.7% during the second quarter. JPMorgan Chase & Co. now owns 1,512,775 shares of the bank’s stock valued at $63,098,000 after acquiring an additional 53,446 shares during the last quarter. BlackRock Inc. raised its stake in shares of Popular by 12.7% during the second quarter. BlackRock Inc. now owns 5,033,292 shares of the bank’s stock valued at $209,937,000 after acquiring an additional 567,642 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Popular by 36.1% during the second quarter. Prudential Financial Inc. now owns 551,335 shares of the bank’s stock valued at $22,996,000 after acquiring an additional 146,370 shares during the last quarter. Finally, Aperio Group LLC raised its stake in shares of Popular by 0.4% during the second quarter. Aperio Group LLC now owns 103,469 shares of the bank’s stock valued at $4,316,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 85.56% of the company’s stock.

Popular Company Profile

Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.

Analyst Recommendations for Popular (NASDAQ:BPOP)

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