BNP Paribas (OTCMKTS:BNPQY) Shares Gap Up – Still a Buy?

BNP Paribas SA (OTCMKTS:BNPQY) shares gapped up before the market opened on Friday. The stock had previously closed at $55.17, but opened at $56.84. BNP Paribas shares last traded at $56.83, with a volume of 8,061 shares changing hands.

Analyst Ratings Changes

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

BNP Paribas Stock Up 0.6%

The company has a fifty day moving average price of $61.10 and a 200 day moving average price of $56.13. The company has a market cap of $125.09 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.57 and a beta of 0.76. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.76.

BNP Paribas (OTCMKTS:BNPQY) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.24. BNP Paribas had a net margin of 25.22% and a return on equity of 10.32%. The business had revenue of $16.38 billion during the quarter, compared to analyst estimates of $15.44 billion. As a group, analysts anticipate that BNP Paribas SA will post 6.71 EPS for the current year.

BNP Paribas Company Profile

BNP Paribas is a diversified European banking group headquartered in Paris, France. The company provides banking and financial services to individual customers, small and medium-sized businesses, corporations, institutional investors and public-sector organizations. Its activities include retail and commercial banking, consumer finance, commercial real estate, insurance, asset management, wealth management, securities services and investment banking.

BNP Paribas organizes its operations into three principal business divisions: Commercial, Personal Banking & Services; Commercial, Corporate & Institutional Banking; and Investment & Protection Services.