BNP Paribas (OTCMKTS:BNPQY) Hits New 1-Year High Following Analyst Upgrade

BNP Paribas SA (OTCMKTS:BNPQY)’s share price hit a new 52-week high during mid-day trading on Monday after DZ Bank upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $61.83 and last traded at $61.83, with a volume of 8403 shares traded. The stock had previously closed at $60.04.

Several other research firms also recently weighed in on BNPQY. Citigroup restated a “buy” rating on shares of BNP Paribas in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

BNP Paribas Trading Up 0.4%

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50-day moving average is $56.66 and its two-hundred day moving average is $53.79. The company has a market cap of $136.16 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.61 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. The business had revenue of $16.38 billion during the quarter, compared to the consensus estimate of $15.44 billion. BNP Paribas had a net margin of 25.22% and a return on equity of 10.50%. As a group, equities research analysts predict that BNP Paribas SA will post 6.71 earnings per share for the current fiscal year.

About BNP Paribas

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.