RBC Capital Stick to Their Buy Rating for Popular Inc - Investing.com

RBC Capital analyst Gerard Cassidy maintained a Buy rating on Popular Inc on Thursday, setting a price target of $48, which is approximately 24.74% above the present share price of $38.48.

Cassidy expects Popular Inc to post earnings per share (EPS) of $0.37 for the third quarter of 2020.

The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Popular, with an average price target of $52.5.
The analysts price targets range from a high of $59 to a low of $48.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $589.46 million and a net profit of $0. The company's market cap is $3.23 billion.

According to TipRanks.com, RBC Capital analyst Gerard Cassidy is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.0% and a 73.53% success rate.

Popular, Inc. is a holding company, which engages in the provision of banking and financial services. It operates through the Banco Popular de Puerto Rico and Popular U.S. segments. The Banco Popular de Puerto Rico segment includes retail, mortgage, and commercial banking services through banking subsidiary. The Popular U.S. segment represents operations of the retail branch network in the U.S. mainland under the name of Popular. The company was founded on October 5, 1893 and is headquartered in San Juan, Puerto Rico.

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RBC Capital Stick to Their Buy Rating for Popular Inc - Investing.com
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