Popular Inc Receives a Buy from RBC Capital

By Austin Angelo

RBC Capital analyst Gerard Cassidy reiterated a Buy rating on Popular Inc (NASDAQ: BPOP) yesterday and set a price target of $51. The company’s shares closed yesterday at $40.38.

According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 28.6% and a 85.5% success rate. Cassidy covers the Financial sector, focusing on stocks such as Provident Financial Services, Discover Financial Services, and Huntington Bancshares Inc.

Popular Inc has an analyst consensus of Moderate Buy, with a price target consensus of $48.50.

The company has a one year high of $45.96 and a one year low of $27.49. Currently, Popular Inc has an average volume of 496.1K.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. Last month, Eli Sepulveda, the EVP of BPOP sold 1,993 shares for a total of $84,204.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Popular, Inc. is a financial holding company, which engages in the provision of banking and financial services. It operates through the Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA) segments. The BPPR segment includes mortgage loans; auto and equipment leasing; investment banking; and insurance products.