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

Key Points

• Keefe, Bruyette & Woods upgraded BNP Paribas from a "hold" to a moderate buy in a research note issued Friday.
• Analyst coverage remains mixed — three Buy, four Hold and one Sell — leaving the stock with an average rating of Hold.
• BNP Paribas beat EPS estimates with $1.46 vs. $1.34 and reported $15.27B in revenue, and its shares trade around $50.64 with a market cap of $111.6B and a P/E of 8.57.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) 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 - Get Free Report) 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.

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