BNP Paribas (OTCMKTS:BNPQY) Sets New 1-Year High on Analyst Upgrade

BNP Paribas SA (OTCMKTS:BNPQY) shares hit a new 52-week high during trading on Monday after DZ Bank upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $61.83 and last traded at $61.83, with a volume of 8403 shares traded. The stock had previously closed at $60.04.

Other equities research analysts have also recently issued reports about the company. Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a report on Monday, July 20th. Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, BNP Paribas presently has a consensus rating of “Moderate Buy”.

BNP Paribas Stock Performance

The stock’s 50 day moving average is $56.66 and its two-hundred day moving average is $53.79. The firm has a market capitalization of $136.16 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.61 and a beta of 0.77. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.78 and a quick ratio of 0.78.

BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. The firm had revenue of $16.38 billion for the quarter, compared to analysts’ expectations of $15.44 billion. BNP Paribas had a net margin of 25.22% and a return on equity of 10.50%. As a group, equities analysts anticipate that BNP Paribas SA will post 6.71 earnings per share for the current fiscal 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.