BNP Paribas (OTCMKTS:BNPQY) Sets New 12-Month High – What’s Next?

BNP Paribas SA (OTCMKTS:BNPQY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $57.64 and last traded at $57.47, with a volume of 12451 shares traded. The stock had previously closed at $56.00.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BNPQY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research note on Tuesday, May 26th. Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a research note on Thursday, April 23rd. Zacks Research downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods raised BNP Paribas from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

BNP Paribas Stock Up 2.5%

The business has a fifty day moving average of $52.99 and a 200 day moving average of $50.94. The company has a market capitalization of $126.46 billion, a PE ratio of 9.21, a PEG ratio of 0.72 and a beta of 0.77. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75.

BNP Paribas (OTCMKTS:BNPQY) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. BNP Paribas had a return on equity of 9.61% and a net margin of 23.86%.The company had revenue of $86.05 billion during the quarter, compared to analysts’ expectations of $15.85 billion. Equities research analysts anticipate that BNP Paribas SA will post 6.67 EPS for the current year.

About BNP Paribas

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.