Zacks Investment Research upgraded shares of BNP PARIBAS/S (OTCMKTS:BNPQY) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, Zacks.com reports. The brokerage currently has $31.00 target price on the financial services provider’s stock.
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 research analysts have also recently weighed in on the stock. ValuEngine cut shares of BNP PARIBAS/S from a sell rating to a strong sell rating in a report on Monday, November 11th. Societe Generale cut BNP PARIBAS/S to a sell rating in a report on Monday, September 9th. Finally, Morgan Stanley downgraded BNP PARIBAS/S from an overweight rating to an equal rating and set a $50.00 target price on the stock. in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $40.50.
BNP PARIBAS/S (OTCMKTS:BNPQY) last posted its earnings results on Thursday, October 31st. The financial services provider reported $0.82 earnings per share (EPS) for the quarter. The company had revenue of $12.11 billion during the quarter. BNP PARIBAS/S had a net margin of 17.87% and a return on equity of 7.07%. As a group, equities research analysts forecast that BNP PARIBAS/S will post 3.37 earnings per share for the current year.
BNP PARIBAS/S Company Profile
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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