BNP Paribas (OTCMKTS:BNPQY) Rating Increased to Strong-Buy at Berenberg Bank

Berenberg Bank upgraded shares of BNP Paribas (OTCMKTS:BNPQY) to a strong-buy rating in a research report released on Thursday morning, Zacks.com reports.

Separately, The Goldman Sachs Group raised BNP Paribas from a neutral rating to a buy rating in a research note on Tuesday, March 26th.

BNP Paribas Trading Up 1.1 %

BNPQY opened at $36.51 on Thursday. The firm has a 50 day simple moving average of $36.05 and a 200 day simple moving average of $33.48. The company has a market cap of $82.57 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 0.31 and a beta of 1.45. BNP Paribas has a fifty-two week low of $28.24 and a fifty-two week high of $39.32. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.68 and a quick ratio of 0.68.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.14. BNP Paribas had a net margin of 22.90% and a return on equity of 8.54%. The business had revenue of $13.55 billion for the quarter. On average, sell-side analysts anticipate that BNP Paribas will post 4.73 earnings per share for the current year.

BNP Paribas Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 24th. Investors of record on Monday, May 20th will be given a dividend of $2.4911 per share. The ex-dividend date is Friday, May 17th. This is a boost from BNP Paribas’s previous dividend of $1.80.

BNP Paribas Company Profile

BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services.