Keefe, Bruyette & Woods Upgrades BNP Paribas (OTCMKTS:BNPQY) to Moderate Buy

BNP Paribas (OTCMKTS:BNPQY) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “hold” rating to a “moderate buy” rating in a research note issued on Friday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Research cut shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BNP Paribas in a report on Tuesday, February 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research note on Friday, February 6th. Finally, Citigroup restated a “buy” rating on shares of BNP Paribas in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

BNP Paribas Price Performance

Shares of OTCMKTS BNPQY opened at $50.64 on Friday. The firm’s 50 day simple moving average is $52.42 and its 200-day simple moving average is $46.74. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80. BNP Paribas has a 12 month low of $34.77 and a 12 month high of $57.31. The stock has a market capitalization of $111.57 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.60 and a beta of 0.69.

BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.12. The firm had revenue of $15.27 billion during the quarter, compared to analyst estimates of $15.27 billion. BNP Paribas had a return on equity of 9.18% and a net margin of 23.53%. Analysts expect that BNP Paribas will post 5.02 EPS for the current year.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.