Alert: Positive Investment/Fundamental Signals (12/1/23)-Popular Inc (NASDAQ: BPOP)


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

Recent important 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.

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’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Popular has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Popular has a good Appreciation Score of 77 and a very high Power Rating of 88, producing the Highest Value Trend Rating.

Recent Price Action

On 12/1/23, Popular Inc (NASDAQ: BPOP) stock enjoyed a large increase of 3.8%, closing at $76.61. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.1% during the last week.

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