BNP Paribas (OTCMKTS:BNPQY) Hits New 52-Week High – What’s Next?

BNP Paribas SA (OTCMKTS:BNPQY) shares reached a new 52-week high on Monday . The company traded as high as $57.31 and last traded at $57.18, with a volume of 26638 shares traded. The stock had previously closed at $56.34.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research note on Friday, February 6th. Zacks Research raised BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. DZ Bank downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods raised shares of BNP Paribas from a “moderate sell” rating to a “hold” rating in a research report on Monday, December 15th. Finally, Citigroup restated a “buy” rating on shares of BNP Paribas in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

BNP Paribas Stock Performance

The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $124.75 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.66 and a beta of 0.72. The firm’s fifty day moving average is $51.01 and its 200-day moving average is $46.28.

BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. The business had revenue of $15.27 billion during the quarter, compared to analysts’ expectations of $15.27 billion. BNP Paribas had a net margin of 23.53% and a return on equity of 9.18%. As a group, research analysts anticipate that BNP Paribas SA will post 5.02 earnings per share 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.