Zacks Investment Research downgraded Popular Inc (NASDAQ:BPOP) to Sell in a report released today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded Popular Inc (NASDAQ:BPOP) to Sell in a report released on 10/13/2016.
Yesterday Popular Inc (NASDAQ:BPOP) traded -2.10% lower at $36.91. The company’s 50-day moving average is $38.62 and its 200-day moving average is $32.78. The last stock close price is up 12.60% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 566,176 shares of the stock were exchanged, down from an average trading volume of 658,055
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Popular Inc has a 52 week low of $22.40 and a 52 week high of $39.88 with a P/E ratio of 9.68 The company’s market cap is currently $0.
Also covering Popular Inc's price target, a total of 10 analysts have released a report on Popular Inc. The 12-month price target is $37.30 with three analysts rating the company a strong buy, four equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the stock a sell.
Brief Synopsis On Popular Inc (NASDAQ:BPOP)
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. The Company's BPPR segment provides retail, mortgage 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 Company's BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. 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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