BNP Paribas (OTCMKTS:BNPQY) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

BNP Paribas SA (OTCMKTS:BNPQY)’s share price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $53.51 and traded as high as $54.0499. BNP Paribas shares last traded at $53.74, with a volume of 226,461 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. DZ Bank raised BNP Paribas from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research report on Monday, October 12th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a research note on Monday, July 20th. Zacks Research cut shares of BNP Paribas from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Kepler Capital Markets upgraded shares of BNP Paribas from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

BNP Paribas Stock Up 1.1%

The firm has a market cap of $118.40 billion, a PE ratio of 7.80, a PEG ratio of 0.55 and a beta of 0.83. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average price of $53.51 and a 200-day moving average price of $55.00.

BNP Paribas (OTCMKTS:BNPQY) last released its earnings results on Wednesday, October 28th. The financial services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.11. BNP Paribas had a net margin of 25.42% and a return on equity of 10.39%. The firm had revenue of $32.01 billion for the quarter, compared to analyst estimates of $14.99 billion. Research analysts forecast that BNP Paribas SA will post 6.36 EPS for the current fiscal year.

BNP Paribas Company Profile

BNP Paribas is a French banking group that provides financial services to individuals, businesses, institutions and public-sector organizations. Its activities include retail and commercial banking, corporate and institutional banking, investment banking, wealth management, asset management, insurance and consumer finance. The group serves customers in Europe and has operations in the Americas and the Asia-Pacific region, with additional international activities. Its services include everyday banking, lending, payments, financing, investment and risk-management solutions.