Credit Agricole (OTCMKTS:CRARY) Shares Gap Down – Here’s Why

Credit Agricole SA (OTCMKTS:CRARY) gapped down prior to trading on Tuesday . The stock had previously closed at $9.93, but opened at $9.40. Credit Agricole shares last traded at $9.47, with a volume of 12,313 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CRARY shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Credit Agricole in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft cut Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods raised Credit Agricole from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Oddo Bhf raised Credit Agricole from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Credit Agricole Trading Up 1.1%

The company has a market cap of $57.34 billion, a PE ratio of 7.90 and a beta of 0.66. The business has a 50 day simple moving average of $9.73 and a two-hundred day simple moving average of $9.99. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.79.

Credit Agricole (OTCMKTS:CRARY) last issued its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Credit Agricole had a return on equity of 24.26% and a net margin of 24.36%.The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.25 billion. On average, analysts forecast that Credit Agricole SA will post 1.31 EPS for the current fiscal year.

About Credit Agricole

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.