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

Shares of BNP Paribas SA (OTCMKTS:BNPQY) reached a new 52-week high on Tuesday . The company traded as high as $59.66 and last traded at $59.66, with a volume of 22630 shares traded. The stock had previously closed at $58.64.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of BNP Paribas in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

BNP Paribas Stock Up 2.3%

The firm has a 50-day moving average price of $55.69 and a two-hundred day moving average price of $53.23. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $132.19 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 0.58 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.47 by $0.13. BNP Paribas had a net margin of 23.86% and a return on equity of 9.63%. The company had revenue of $86.05 billion for the quarter, compared to analyst estimates of $15.85 billion. On average, sell-side analysts forecast that BNP Paribas SA will post 6.7 earnings per share for the current 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.