BNP Paribas (OTCMKTS:BNPQY) Sees Large Volume Increase – Still a Buy?

BNP Paribas SA (OTCMKTS:BNPQY) shares saw unusually-high trading volume on Wednesday . Approximately 394,490 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 427,345 shares.The stock last traded at $54.81 and had previously closed at $55.32.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BNPQY shares. DZ Bank cut shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Barclays downgraded shares of BNP Paribas from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a research report on Friday, February 6th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a research note on Thursday, January 22nd. Finally, Zacks Research raised BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

BNP Paribas Stock Performance

The firm has a market capitalization of $116.59 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 0.65 and a beta of 0.72. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average price of $49.86 and a 200 day moving average price of $45.88.

BNP Paribas (OTCMKTS:BNPQY) last announced 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 analysts’ expectations of $15.27 billion. BNP Paribas had a net margin of 23.53% and a return on equity of 9.18%. Research analysts expect that BNP Paribas SA will post 5.02 earnings per share for the current 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.