Alert: Positive Investment/Fundamental Signals (11/17/23)-Popular Inc (NASDAQ: BPOP)


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

Recent notable positive changes in investment behavior have benefitted Popular Inc (NASDAQ: BPOP): 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

BPOP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Popular has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Popular has a good Appreciation Score of 78 and a good Power Rating of 82, triggering the Highest Value Trend Rating.

Recent Price Action

On 11/17/23, Popular Inc (NASDAQ: BPOP) stock rose modestly by 0.7%, closing at $72.83. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.1% during the last week.

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