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

BNP Paribas SA (OTCMKTS:BNPQY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $53.25, but opened at $50.30. BNP Paribas shares last traded at $50.2450, with a volume of 14,335 shares traded.

Analyst Ratings Changes

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

BNP Paribas Price Performance

The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.24. The stock’s 50 day moving average price is $59.42 and its two-hundred day moving average price is $56.35. The stock has a market cap of $111.00 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 0.50 and a beta of 0.80.

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

BNP Paribas Company Profile

BNP Paribas is a major European banking group headquartered in France. The company provides banking and financial services to individual customers, businesses, institutional clients and public-sector organizations through a range of operations spanning retail banking, commercial banking, corporate and institutional banking, and investment and protection services.

Its activities include deposit and lending products, payment services, consumer finance, wealth management, insurance, asset management, securities services, and capital-markets and advisory services.