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

Credit Agricole SA (OTCMKTS:CRARY) gapped down before the market opened 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 traded.

Analyst Ratings Changes

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

Credit Agricole Stock Up 1.1%

The firm has a market capitalization of $57.34 billion, a price-to-earnings ratio of 7.90 and a beta of 0.66. The stock has a 50 day moving average of $9.73 and a 200 day moving average of $9.99. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79.

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