BNP PARIBAS/S (OTCMKTS:BNPQY) Rating Lowered to Hold at Zacks Investment Research

BNP PARIBAS/S (OTCMKTS:BNPQY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday, Zacks.com reports.

According to Zacks, “BNP PARIBAS is a European leader in global banking and financial services and is one of the four strongest banks in the world according to Standard & Poor’s. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. In the United States, BNP Paribas employs 15,000 people including 2,500 employees in its Corporate and Investment Banking as well as Asset Management and Services businesses which are headquartered in New York. It is also present in other financial hubs throughout the United States including Chicago, San Francisco, Los Angeles, Dallas, Houston, Miami and Boston. BNP Paribas also operates a retail banking business through its subsidiary Bank of the West with over 700 branches in the Western US. “

Other equities analysts have also issued research reports about the stock. Societe Generale lowered shares of BNP PARIBAS/S to a “sell” rating in a report on Monday, September 9th. Morgan Stanley lowered shares of BNP PARIBAS/S from an “overweight” rating to an “equal” rating and set a $50.00 price target on the stock. in a report on Friday, September 13th. Finally, ValuEngine lowered shares of BNP PARIBAS/S from a “sell” rating to a “strong sell” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $40.50.

BNPQY stock traded up $0.20 during midday trading on Monday, hitting $28.07. The stock had a trading volume of 89,288 shares, compared to its average volume of 242,627. The firm has a market cap of $69.29 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The company’s 50-day moving average price is $25.95 and its 200 day moving average price is $24.30. BNP PARIBAS/S has a 12-month low of $21.55 and a 12-month high of $28.34. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.73 and a quick ratio of 0.73.

BNP PARIBAS/S (OTCMKTS:BNPQY) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.82 earnings per share for the quarter. The company had revenue of $12.11 billion for the quarter. BNP PARIBAS/S had a net margin of 17.87% and a return on equity of 7.07%. As a group, sell-side analysts anticipate that BNP PARIBAS/S will post 3.4 EPS for the current year.

About BNP PARIBAS/S

BNP Paribas SA provides a range of banking and financial services in France and internationally. It operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking. The company offers long-term corporate vehicle leasing, and rental and other financing solutions; and digital banking and investment services, cash management, and factoring services to corporate clients, as well as wealth management services.

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