BNP Paribas (OTCMKTS:BNPQY) Hits New 52-Week High – Time to Buy?
by Danessa Lincoln · The Markets DailyShares of BNP Paribas SA (OTCMKTS:BNPQY – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $51.61 and last traded at $51.61, with a volume of 3658 shares changing hands. The stock had previously closed at $50.31.
Analyst Ratings Changes
Several brokerages recently commented on BNPQY. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research note on Friday, October 10th. Barclays cut BNP Paribas from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 22nd. Zacks Research upgraded shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BNP Paribas in a report on Wednesday. Finally, Keefe, Bruyette & Woods upgraded BNP Paribas from a “moderate sell” rating to a “hold” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Report on BNP Paribas
BNP Paribas Price Performance
The business’s 50-day simple moving average is $45.73 and its two-hundred day simple moving average is $44.90. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The stock has a market cap of $114.91 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 0.72 and a beta of 0.74.
BNP Paribas (OTCMKTS:BNPQY – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. BNP Paribas had a return on equity of 8.56% and a net margin of 22.74%.The firm had revenue of $81.48 billion during the quarter, compared to analyst estimates of $12.84 billion. Sell-side analysts expect that BNP Paribas SA will post 5.02 EPS for the current year.
About BNP Paribas
BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.
Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.