BNP Paribas SA (OTCMKTS:BNPQY – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 73,296 shares, an increase of 67.7% from the July 15th total of 43,710 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 505,439 shares, the days-to-cover ratio is currently 0.1 days.
Analysts Set New Price Targets
BNPQY has been the topic of several research analyst reports. Citigroup reissued a “buy” rating on shares of BNP Paribas in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a research note on Wednesday, July 15th. Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a report on Monday, July 27th. Kepler Capital Markets raised shares of BNP Paribas from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, DZ Bank upgraded shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, BNP Paribas currently has a consensus rating of “Moderate Buy”.
Get Our Latest Report on BNP Paribas
BNP Paribas Stock Performance
BNP Paribas (OTCMKTS:BNPQY – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.24. The business had revenue of $16.38 billion during the quarter, compared to analyst estimates of $15.44 billion. BNP Paribas had a return on equity of 10.32% and a net margin of 25.22%. As a group, research analysts forecast that BNP Paribas will post 6.7 EPS for the current 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.
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