BNP Paribas (OTCMKTS:BNPQY) Hits New 52-Week High – Still a Buy?

BNP Paribas SA (OTCMKTS:BNPQY) shares reached a new 52-week high on Thursday . The company traded as high as $58.75 and last traded at $58.74, with a volume of 26246 shares changing hands. The stock had previously closed at $57.71.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BNPQY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods raised BNP Paribas from a “hold” rating to a “moderate buy” rating in a report on Friday, March 6th. Finally, Citigroup restated a “buy” rating on shares of BNP Paribas in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, BNP Paribas has a consensus rating of “Hold”.

BNP Paribas Stock Performance

The company has a 50 day simple moving average of $54.43 and a 200 day simple moving average of $52.23. The company has a market capitalization of $129.42 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.59 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. BNP Paribas had a return on equity of 9.61% and a net margin of 23.86%.The firm had revenue of $86.05 billion for the quarter, compared to analyst estimates of $15.85 billion. As a group, equities research analysts anticipate that BNP Paribas SA will post 6.63 EPS for the current year.

BNP Paribas Company Profile

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.