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

BNP Paribas SA (OTCMKTS:BNPQY) gapped down prior to trading on Tuesday . The stock had previously closed at $52.73, but opened at $38.59. BNP Paribas shares last traded at $53.34, with a volume of 31,115 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a report on Friday, February 6th. Keefe, Bruyette & Woods raised BNP Paribas from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 6th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a report on Thursday. Zacks Research downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

BNP Paribas Price Performance

The company has a market cap of $118.07 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.67 and a beta of 0.76. The company has a 50-day simple moving average of $51.68 and a 200-day simple moving average of $47.95. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 0.80.

BNP Paribas (OTCMKTS:BNPQY) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.34 by $0.12. BNP Paribas had a return on equity of 9.18% and a net margin of 23.53%.The business had revenue of $15.27 billion during the quarter, compared to analysts’ expectations of $15.27 billion. As a group, research analysts predict that BNP Paribas SA will post 6.75 earnings per share 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.