BNP Paribas (OTCMKTS:BNPQY) Shares Gap Down – What’s Next?

BNP Paribas SA (OTCMKTS:BNPQY) shares gapped down prior to trading on Thursday . The stock had previously closed at $61.2650, but opened at $59.22. BNP Paribas shares last traded at $59.19, with a volume of 10,499 shares traded.

Wall Street Analyst Weigh In

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

BNP Paribas Trading Down 5.1%

The company has a 50-day simple moving average of $60.60 and a 200-day simple moving average of $55.47. 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 stock has a market cap of $128.53 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.60 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. BNP Paribas had a return on equity of 10.32% and a net margin of 25.22%.The company had revenue of $16.38 billion during the quarter, compared to analyst estimates of $15.44 billion. On average, sell-side analysts forecast that BNP Paribas SA will post 6.7 EPS 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.