BNP Paribas (OTCMKTS:BNPQY) Shares Gap Down – What’s Next?

BNP Paribas SA (OTCMKTS:BNPQY) shares gapped down prior to trading on Thursday. The stock had previously closed at $53.25, but opened at $50.30. BNP Paribas shares last traded at $50.2450, with a volume of 14,335 shares.

Wall Street Analysts Forecast Growth

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

BNP Paribas Trading Down 2.6%

The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.24. The firm’s 50 day moving average is $59.92 and its two-hundred day moving average is $56.37. The stock has a market cap of $109.81 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 0.52 and a beta of 0.80.

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

About BNP Paribas

BNP Paribas is a major European banking group headquartered in France. The company provides banking and financial services to individual customers, businesses, institutional clients and public-sector organizations through a range of operations spanning retail banking, commercial banking, corporate and institutional banking, and investment and protection services.

Its activities include deposit and lending products, payment services, consumer finance, wealth management, insurance, asset management, securities services, and capital-markets and advisory services.