Zacks Investment Research upgraded shares of BNP PARIBAS/S (OTCMKTS:BNPQY) from a hold rating to a buy rating in a report published on Wednesday, Zacks.com reports. The firm currently has $27.00 price target 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. “
BNPQY has been the subject of several other research reports. Morgan Stanley lowered shares of BNP PARIBAS/S from an overweight rating to an equal rating and set a $50.00 price target for the company. in a research report on Friday, September 13th. ValuEngine upgraded shares of BNP PARIBAS/S from a strong sell rating to a sell rating in a research report on Thursday, August 1st. Finally, Societe Generale lowered shares of BNP PARIBAS/S to a sell rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock currently has a consensus rating of Hold and an average target price of $38.50.
BNP PARIBAS/S (OTCMKTS:BNPQY) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.06 earnings per share for the quarter. The company had revenue of $12.61 billion during the quarter. BNP PARIBAS/S had a net margin of 18.54% and a return on equity of 7.36%. Equities research analysts predict that BNP PARIBAS/S will post 3.37 earnings per share for the current fiscal 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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