BNP Paribas (OTCMKTS:BNPQY) Reaches New 1-Year High – Here’s Why

BNP Paribas SA (OTCMKTS:BNPQY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $58.75 and last traded at $58.74, with a volume of 26246 shares trading hands. The stock had previously closed at $57.71.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BNPQY. Keefe, Bruyette & Woods upgraded BNP Paribas from a “hold” rating to a “moderate buy” rating in a report on Friday, March 6th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

BNP Paribas Stock Up 1.8%

The company has a market cap of $129.42 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.59 and a beta of 0.77. The stock’s 50-day simple moving average is $54.43 and its 200 day simple moving average is $52.23.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. The business had revenue of $86.05 billion for the quarter, compared to the consensus estimate of $15.85 billion. BNP Paribas had a net margin of 23.86% and a return on equity of 9.61%. On average, sell-side analysts expect that BNP Paribas SA will post 6.63 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.