BNP Paribas (OTCMKTS:BNPQY) Cut to Hold at Zacks Research

Zacks Research cut shares of BNP Paribas (OTCMKTS:BNPQY) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other research firms have also issued reports on BNPQY. Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a report on Friday, February 6th. Keefe, Bruyette & Woods raised shares of BNP Paribas from a “moderate sell” rating to a “hold” rating in a research note on Monday, December 15th. Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

BNP Paribas Price Performance

BNPQY stock opened at $50.62 on Tuesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50 day moving average price is $52.36 and its 200 day moving average price is $46.72. The firm has a market cap of $111.53 billion, a P/E ratio of 8.57, a PEG ratio of 0.62 and a beta of 0.69. BNP Paribas has a 1 year low of $34.77 and a 1 year high of $57.31.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. The company had revenue of $15.27 billion during the quarter, compared to analysts’ expectations of $15.27 billion. BNP Paribas had a return on equity of 9.18% and a net margin of 23.53%. On average, sell-side analysts expect that BNP Paribas will post 5.02 earnings per share for the current fiscal 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.