BNP Paribas (OTCMKTS:BNPQY) Shares Gap Down – Here’s What Happened

BNP Paribas SA (OTCMKTS:BNPQY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $61.2650, but opened at $59.22. BNP Paribas shares last traded at $59.19, with a volume of 10,499 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BNPQY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a research report on Wednesday, July 15th. Kepler Capital Markets raised BNP Paribas from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. DZ Bank raised BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a report on Monday, July 27th. Finally, Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

BNP Paribas Trading Up 0.8%

The company’s 50 day simple moving average is $60.65 and its 200-day simple moving average is $55.52. The firm has a market cap of $130.41 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.58 and a beta of 0.77. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.24.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.24. BNP Paribas had a return on equity of 10.32% and a net margin of 25.22%.The firm had revenue of $16.38 billion for the quarter, compared to the consensus estimate of $15.44 billion. As a group, research analysts predict that BNP Paribas SA will post 6.7 earnings per share 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.