BNP Paribas (OTCMKTS:BNPQY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of BNP Paribas SA (OTCMKTS:BNPQY) saw strong trading volume on Tuesday . Approximately 890,903 shares traded hands during trading, an increase of 120% from the previous session’s volume of 404,519 shares.The stock last traded at $59.67 and had previously closed at $59.76.

Wall Street Analysts Forecast Growth

BNPQY has been the topic of several recent analyst reports. DZ Bank upgraded BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a report on Monday, July 27th. Citigroup restated a “buy” rating on shares of BNP Paribas in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research report on Wednesday, July 15th. Finally, Kepler Capital Markets raised shares of BNP Paribas from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

BNP Paribas Stock Down 0.7%

The stock has a 50 day moving average price of $60.69 and a 200 day moving average price of $55.55. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $130.78 billion, a P/E ratio of 8.79, a PEG ratio of 0.58 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. The business had revenue of $16.38 billion during the quarter, compared to the consensus estimate of $15.44 billion. BNP Paribas had a net margin of 25.22% and a return on equity of 10.32%. Equities research analysts forecast that BNP Paribas SA will post 6.72 earnings per share for the current fiscal 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.