Credit Agricole (OTCMKTS:CRARY) Shares Gap Down – Time to Sell?

Credit Agricole SA (OTCMKTS:CRARY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $9.93, but opened at $9.40. Credit Agricole shares last traded at $9.47, with a volume of 12,313 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CRARY shares. Keefe, Bruyette & Woods upgraded Credit Agricole from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a research report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded Credit Agricole from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Credit Agricole Stock Performance

The firm has a market capitalization of $57.25 billion, a P/E ratio of 7.88 and a beta of 0.66. The firm has a 50-day moving average price of $9.74 and a two-hundred day moving average price of $10.00. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.55 and a quick ratio of 1.55.

Credit Agricole (OTCMKTS:CRARY) last released its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Credit Agricole had a return on equity of 24.26% and a net margin of 24.36%.The business had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.25 billion. On average, analysts forecast that Credit Agricole SA will post 1.31 EPS for the current fiscal year.

Credit Agricole Company Profile

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.