BNP PARIBAS/S (OTCMKTS:BNPQY) Cut to Equal at Morgan Stanley

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Morgan Stanley downgraded shares of BNP PARIBAS/S (OTCMKTS:BNPQY) from an overweight rating to an equal rating in a report issued on Friday morning, The Fly reports. Morgan Stanley currently has $50.00 price objective on the financial services provider’s stock.

A number of other research firms have also recently weighed in on BNPQY. ValuEngine upgraded shares of BNP PARIBAS/S from a strong sell rating to a sell rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of BNP PARIBAS/S from a buy rating to a hold rating in a report on Thursday. Finally, Societe Generale cut shares of BNP PARIBAS/S to a sell rating in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $37.50.

OTCMKTS:BNPQY opened at $24.99 on Friday. BNP PARIBAS/S has a fifty-two week low of $21.55 and a fifty-two week high of $32.50. The stock has a market capitalization of $61.58 billion, a P/E ratio of 7.39, a P/E/G ratio of 1.44 and a beta of 1.07. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50-day simple moving average is $22.93 and its 200-day simple moving average is $24.16.

BNP PARIBAS/S (OTCMKTS:BNPQY) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.06 earnings per share for the quarter. BNP PARIBAS/S had a net margin of 18.54% and a return on equity of 7.34%. The business had revenue of $12.61 billion for the quarter. On average, research analysts forecast that BNP PARIBAS/S will post 3.37 EPS 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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