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

BNP Paribas SA (OTCMKTS:BNPQY)’s share price gapped up before the market opened on Friday. The stock had previously closed at $55.17, but opened at $56.84. BNP Paribas shares last traded at $56.83, with a volume of 8,061 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BNPQY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research report on Wednesday, July 15th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a report on Monday, July 20th. Kepler Capital Markets upgraded shares of BNP Paribas from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a research report on Monday, July 27th. Finally, DZ Bank raised shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

BNP Paribas Price Performance

The firm’s 50 day moving average price is $61.10 and its two-hundred day moving average price is $56.13. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $125.09 billion, a PE ratio of 8.41, a P/E/G ratio of 0.57 and a beta of 0.76.

BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. BNP Paribas had a net margin of 25.22% and a return on equity of 10.32%. The company had revenue of $16.38 billion for the quarter, compared to analysts’ expectations of $15.44 billion. On average, research analysts expect that BNP Paribas SA will post 6.71 earnings per share for the current year.

About BNP Paribas

BNP Paribas is a diversified European banking group headquartered in Paris, France. The company provides banking and financial services to individual customers, small and medium-sized businesses, corporations, institutional investors and public-sector organizations. Its activities include retail and commercial banking, consumer finance, commercial real estate, insurance, asset management, wealth management, securities services and investment banking.

BNP Paribas organizes its operations into three principal business divisions: Commercial, Personal Banking & Services; Commercial, Corporate & Institutional Banking; and Investment & Protection Services.