BNP Paribas (OTCMKTS:BNPQY) Sets New 12-Month High – What’s Next?

Shares of BNP Paribas SA (OTCMKTS:BNPQY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $57.64 and last traded at $57.47, with a volume of 12451 shares changing hands. The stock had previously closed at $56.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BNPQY shares. Citigroup reissued a “buy” rating on shares of BNP Paribas in a research report on Thursday, April 23rd. Zacks Research lowered BNP Paribas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods raised BNP Paribas from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BNP Paribas currently has a consensus rating of “Hold”.

BNP Paribas Stock Performance

The company has a market cap of $126.46 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.72 and a beta of 0.77. The firm has a 50-day simple moving average of $52.99 and a 200 day simple moving average of $50.94. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.47 by $0.13. BNP Paribas had a return on equity of 9.61% and a net margin of 23.86%.The company had revenue of $86.05 billion for the quarter, compared to analyst estimates of $15.85 billion. On average, sell-side analysts predict that BNP Paribas SA will post 6.67 earnings per share for the current fiscal 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.