BNP PARIBAS/S (OTCMKTS:BNPQY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The brokerage currently has a $27.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.36% from the stock’s current price.
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. “
Several other analysts have also recently issued reports on BNPQY. Societe Generale cut shares of BNP PARIBAS/S to a “sell” rating in a report on Monday, September 9th. ValuEngine raised shares of BNP PARIBAS/S from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Morgan Stanley cut 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. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.50.
BNP PARIBAS/S (OTCMKTS:BNPQY) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.06 EPS for the quarter. BNP PARIBAS/S had a return on equity of 7.36% and a net margin of 18.54%. The firm had revenue of $12.61 billion for the quarter. Equities research analysts anticipate that BNP PARIBAS/S will post 3.37 earnings per share 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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