BNP Paribas (OTCMKTS:BNPQY) Hits New 12-Month High – Time to Buy?

BNP Paribas SA (OTCMKTS:BNPQY) reached a new 52-week high on Tuesday . The company traded as high as $59.66 and last traded at $59.66, with a volume of 22630 shares. The stock had previously closed at $58.64.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BNPQY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a report on Wednesday, July 15th. Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a research note on Monday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

BNP Paribas Stock Up 1.5%

The firm has a market cap of $134.35 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.60 and a beta of 0.77. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $55.95 and a two-hundred day moving average price of $53.42.

BNP Paribas (OTCMKTS:BNPQY) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. BNP Paribas had a return on equity of 9.63% and a net margin of 23.86%.The firm had revenue of $86.05 billion during the quarter, compared to analyst estimates of $15.85 billion. On average, equities research analysts expect that BNP Paribas SA will post 6.7 EPS for the current 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.