BNP Paribas (OTCMKTS:BNPQY) Hits New 52-Week High – Time to Buy?

BNP Paribas SA (OTCMKTS:BNPQY) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $50.24 and last traded at $49.93, with a volume of 20541 shares traded. The stock had previously closed at $48.23.

Analysts Set New Price Targets

BNPQY has been the subject of a number of recent analyst reports. DZ Bank cut shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Barclays lowered BNP Paribas from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 22nd. Keefe, Bruyette & Woods upgraded BNP Paribas from a “moderate sell” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

BNP Paribas Stock Up 3.2%

The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average price of $43.54 and a 200-day moving average price of $44.51. The firm has a market cap of $111.19 billion, a P/E ratio of 8.97, a P/E/G ratio of 0.66 and a beta of 0.74.

BNP Paribas (OTCMKTS:BNPQY) last issued its earnings results on Tuesday, October 28th. The financial services provider reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. BNP Paribas had a net margin of 22.74% and a return on equity of 8.56%. The company had revenue of $81.48 billion for the quarter, compared to analysts’ expectations of $12.84 billion. On average, equities analysts forecast that BNP Paribas SA will post 5.02 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.