DZ Bank Upgrades BNP Paribas (OTCMKTS:BNPQY) to "Strong-Buy"

Key Points

• BNP Paribas has been upgraded from a "hold" rating to a "strong-buy" rating by DZ Bank, indicating increased confidence in the stock's performance.
• The bank reported $1.64 earnings per share for the last quarter, exceeding estimates of $1.55, with revenues reaching $14.27 billion compared to an expected $12.75 billion.
• As of now, BNP Paribas has a consensus rating of "Moderate Buy," with ratings ranging from sell to strong buy by various analysts.

DZ Bank upgraded shares of BNP Paribas (OTCMKTS:BNPQY - Free Report) from a hold rating to a strong-buy rating in a research report released on Wednesday, July 30th,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of BNP Paribas in a research report on Friday, July 25th. Kepler Capital Markets lowered BNP Paribas from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 2nd. Finally, Barclays restated an "overweight" rating on shares of BNP Paribas in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, BNP Paribas has an average rating of "Moderate Buy".

BNP Paribas Stock Up 1.7%

OTCMKTS:BNPQY traded up $0.79 on Wednesday, reaching $46.29. 138,761 shares of the stock traded hands, compared to its average volume of 303,854. The company's fifty day simple moving average is $44.64 and its 200 day simple moving average is $41.38. The company has a market capitalization of $104.62 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.76 and a beta of 1.13. BNP Paribas has a 12 month low of $28.93 and a 12 month high of $47.68. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.74.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.09. BNP Paribas had a net margin of 22.65% and a return on equity of 8.48%. The company had revenue of $14.27 billion for the quarter, compared to the consensus estimate of $12.75 billion. Equities analysts predict that BNP Paribas will post 5.02 EPS for the current fiscal year.

BNP Paribas Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 19th were paid a $1.951 dividend. This represents a dividend yield of 438.0%. The ex-dividend date was Friday, May 16th. BNP Paribas's dividend payout ratio (DPR) is presently 37.71%.

BNP Paribas Company Profile

BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services.