BNP Paribas (OTCMKTS:BNPQY) Hits New 1-Year High – Time to Buy?

BNP Paribas SA (OTCMKTS:BNPQY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $59.66 and last traded at $59.66, with a volume of 22630 shares. The stock had previously closed at $58.64.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BNPQY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BNP Paribas in a report on Wednesday, July 15th. Citigroup restated a “buy” rating on shares of BNP Paribas in a research report on Monday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, BNP Paribas currently has a consensus rating of “Hold”.

BNP Paribas Price Performance

The company’s 50-day moving average price is $55.69 and its 200-day moving average price is $53.23. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.24. The firm has a market cap of $132.19 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 0.58 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. The firm had revenue of $86.05 billion during the quarter, compared to analysts’ expectations of $15.85 billion. BNP Paribas had a net margin of 23.86% and a return on equity of 9.63%. On average, equities research analysts forecast that BNP Paribas SA will post 6.7 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.