Keefe, Bruyette & Woods Downgrades BNP Paribas (OTCMKTS:BNPQY) to Moderate Sell

Key Points

• Keefe, Bruyette & Woods has downgraded BNP Paribas from a "hold" rating to a "moderate sell" rating in a recent research report.
• The stock has fluctuated between a one year low of $28.93 and a high of $49.3150, indicating significant volatility in BNP Paribas' stock performance.
• Despite the downgrade, BNP Paribas had a positive quarterly earnings report, beating estimates with $1.64 EPS against the expected $1.55.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) was downgraded by stock analysts at Keefe, Bruyette & Woods from a "hold" rating to a "moderate sell" rating in a report released on Thursday, August 21st,Zacks.com reports.

Several other equities analysts have also commented on BNPQY. DZ Bank upgraded shares of BNP Paribas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating on shares of BNP Paribas in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

BNP Paribas Stock Up 1.4%

Shares of BNPQY traded up $0.63 during mid-day trading on Thursday, hitting $44.97. 260,366 shares of the company's stock were exchanged, compared to its average volume of 305,883. The company has a market cap of $101.63 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 0.75 and a beta of 1.13. BNP Paribas has a fifty-two week low of $28.93 and a fifty-two week high of $49.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.65 and a current ratio of 0.65. The stock's 50-day moving average is $45.78 and its 200-day moving average is $42.84.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.09. The business had revenue of $14.27 billion for the quarter, compared to analysts' expectations of $12.75 billion. BNP Paribas had a net margin of 22.65% and a return on equity of 8.40%. On average, sell-side analysts anticipate that BNP Paribas will post 5.02 earnings per share for the current fiscal year.

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.