Alert: Positive Investment/Fundamental Signals (11/6/23)-Popular Inc (NASDAQ: BPOP)


Recent significant positive changes in fundamentals have benefitted Popular Inc (NASDAQ: BPOP): significant quarterly sales acceleration occurred, the stock’s power rating rose above 70, and the consensus estimate for December, 2024 increased significantly.

Popular Inc (NASDAQ: BPOP) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and its longer term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, BPOP is expected to continue to be an important Value Builder.

Popular has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Popular has a good Power Rating of 78 and a good Appreciation Score of 79, producing the Highest Value Trend Rating.

Recent Price Action

On 11/6/23, Popular Inc (NASDAQ: BPOP) stock declined modestly by -0.6%, closing at $69.08. Relative to the market the stock has been strong over the last nine months and has risen 6.5% during the last week.

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