BNP Paribas (OTCMKTS:BNPQY) Sets New 52-Week High – Here’s What Happened

BNP Paribas SA (OTCMKTS:BNPQY) shares reached a new 52-week high during trading on Monday . The company traded as high as $64.0832 and last traded at $63.95, with a volume of 9215 shares changing hands. The stock had previously closed at $63.23.

Analyst Upgrades and Downgrades

BNPQY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BNP Paribas in a research report on Wednesday, July 15th. DZ Bank upgraded shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research report on Monday, July 27th. Kepler Capital Markets raised shares of BNP Paribas from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, BNP Paribas presently has an average rating of “Moderate Buy”.

BNP Paribas Trading Up 0.2%

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.24. The company has a market cap of $142.34 billion, a PE ratio of 9.57, a PEG ratio of 0.64 and a beta of 0.77. The stock has a 50 day moving average price of $57.75 and a 200 day moving average price of $54.24.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.24. The company had revenue of $16.38 billion for the quarter, compared to analysts’ expectations of $15.44 billion. BNP Paribas had a return on equity of 10.50% and a net margin of 25.22%. Sell-side analysts predict that BNP Paribas SA will post 6.67 EPS 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.