BNP Paribas (OTCMKTS:BNPQY) Shares Gap Down – Here’s What Happened

Shares of BNP Paribas SA (OTCMKTS:BNPQY) gapped down prior to trading on Thursday . The stock had previously closed at $61.2650, but opened at $59.22. BNP Paribas shares last traded at $59.19, with a volume of 10,499 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup restated a “buy” rating on shares of BNP Paribas in a report on Monday, July 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a report on Monday, July 27th. Kepler Capital Markets upgraded BNP Paribas from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research report on Wednesday, July 15th. Finally, DZ Bank raised BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, BNP Paribas has an average rating of “Moderate Buy”.

BNP Paribas Trading Down 5.1%

The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $128.53 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.60 and a beta of 0.77. The company’s 50 day moving average is $60.60 and its 200 day moving average is $55.47.

BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.24. The company had revenue of $16.38 billion for the quarter, compared to analyst estimates of $15.44 billion. BNP Paribas had a return on equity of 10.32% and a net margin of 25.22%. On average, research analysts forecast that BNP Paribas SA will post 6.7 EPS 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.