BNP Paribas SA (OTCMKTS:BNPQY) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• BNP Paribas has a “Moderate Buy” consensus rating from eight analysts: four recommend holding, three recommend buying, and one gives a strong-buy rating. DZ Bank upgraded the stock to strong buy, while Citigroup and RBC maintained positive ratings.
• BNPQY opened at $59.03, with a $130.05 billion market capitalization and a price-to-earnings ratio of 8.75. The stock has traded between $37.50 and $65.50 over the past 52 weeks.
• Quarterly earnings exceeded expectations: BNP Paribas reported $2.16 in EPS versus the $1.92 consensus estimate and revenue of $16.38 billion compared with expectations of $15.44 billion.

BNP Paribas SA (OTCMKTS:BNPQY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have weighed in on BNPQY. DZ Bank raised shares of BNP Paribas from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. Citigroup restated a "buy" rating on shares of BNP Paribas in a research note on Monday, July 20th. Kepler Capital Markets upgraded BNP Paribas from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th. Royal Bank Of Canada reissued an "outperform" rating on shares of BNP Paribas in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of BNP Paribas in a research note on Wednesday, July 15th.

BNP Paribas Stock Performance

Shares of BNPQY opened at $59.03 on Wednesday. The firm has a market cap of $130.05 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.59 and a beta of 0.76. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.24. The business's 50 day moving average is $60.72 and its two-hundred day moving average is $55.58. BNP Paribas has a 52-week low of $37.50 and a 52-week high of $65.50.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.24. The business had revenue of $16.38 billion during the quarter, compared to the consensus estimate of $15.44 billion. BNP Paribas had a net margin of 25.22% and a return on equity of 10.32%. Analysts forecast that BNP Paribas will post 6.72 EPS for the current fiscal year.

About BNP Paribas

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source