Credit Agricole (OTCMKTS:CRARY) Shares Down 5.8% – Should You Sell?

Credit Agricole SA (OTCMKTS:CRARY)’s stock price dropped 5.8% on Friday . The company traded as low as $9.38 and last traded at $9.38. Approximately 4,320 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 228,663 shares. The stock had previously closed at $9.9550.

Analysts Set New Price Targets

CRARY has been the subject of a number of analyst reports. Oddo Bhf raised shares of Credit Agricole from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Credit Agricole in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft lowered shares of Credit Agricole from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods raised shares of Credit Agricole from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Credit Agricole presently has an average rating of “Hold”.

Credit Agricole Stock Down 5.5%

The company has a debt-to-equity ratio of 5.79, a current ratio of 1.55 and a quick ratio of 1.55. The firm’s 50-day moving average is $9.74 and its 200 day moving average is $9.98. The stock has a market cap of $56.80 billion, a price-to-earnings ratio of 7.82 and a beta of 0.66.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. The firm had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.25 billion. Sell-side analysts anticipate that Credit Agricole SA will post 1.31 earnings per share for the current fiscal year.

Credit Agricole Company Profile

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.