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

BNP Paribas SA (OTCMKTS:BNPQY) saw unusually-strong trading volume on Tuesday . Approximately 540,099 shares were traded during trading, an increase of 74% from the previous session’s volume of 309,589 shares.The stock last traded at $50.51 and had previously closed at $50.79.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DZ Bank cut shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Barclays downgraded shares of BNP Paribas from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 22nd. Keefe, Bruyette & Woods raised BNP Paribas from a “moderate sell” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

BNP Paribas Price Performance

The stock has a market cap of $112.97 billion, a PE ratio of 9.11, a PEG ratio of 0.72 and a beta of 0.74. The company has a 50-day simple moving average of $44.04 and a 200-day simple moving average of $44.62. 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 data on Tuesday, October 28th. The financial services provider reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. BNP Paribas had a net margin of 22.74% and a return on equity of 8.56%. The firm had revenue of $81.48 billion during the quarter, compared to analysts’ expectations of $12.84 billion. Sell-side analysts anticipate 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.