BNP Paribas (OTCMKTS:BNPQY) Reaches New 1-Year High – Here’s What Happened

BNP Paribas SA (OTCMKTS:BNPQY)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $57.64 and last traded at $57.47, with a volume of 12451 shares changing hands. The stock had previously closed at $56.00.

Wall Street Analyst Weigh In

BNPQY has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a research report on Thursday, April 23rd. Zacks Research downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods raised BNP Paribas from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, BNP Paribas presently has an average rating of “Hold”.

BNP Paribas Trading Up 1.5%

The business has a 50-day simple moving average of $53.36 and a two-hundred day simple moving average of $51.16. The stock has a market cap of $127.52 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.73 and a beta of 0.77. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80.

BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. The firm had revenue of $86.05 billion for the quarter, compared to the consensus estimate of $15.85 billion. BNP Paribas had a return on equity of 9.61% and a net margin of 23.86%. Equities analysts forecast that BNP Paribas SA will post 6.66 EPS 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.