BNP Paribas (OTCMKTS:BNPQY) Hits New 12-Month High – Should You Buy?

Shares of BNP Paribas SA (OTCMKTS:BNPQY) reached a new 52-week high on Monday . The company traded as high as $55.39 and last traded at $55.18, with a volume of 22363 shares changing hands. The stock had previously closed at $55.34.

Analyst Upgrades and Downgrades

BNPQY has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of BNP Paribas in a research note on Thursday, January 22nd. Barclays cut shares of BNP Paribas from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a report on Wednesday, January 21st. DZ Bank downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Zacks Research upgraded shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

BNP Paribas Stock Performance

The business’s 50-day moving average is $48.91 and its 200 day moving average is $45.62. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $124.02 billion, a PE ratio of 9.52, a PEG ratio of 0.79 and a beta of 0.72.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. The firm had revenue of $15.27 billion during the quarter, compared to analyst estimates of $15.27 billion. BNP Paribas had a return on equity of 9.18% and a net margin of 23.53%. On average, equities research analysts predict that BNP Paribas SA will post 5.02 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.