BNP Paribas (OTCMKTS:BNPQY) Sees Large Volume Increase – Time to Buy?

BNP Paribas SA (OTCMKTS:BNPQY) shares saw strong trading volume on Thursday . 3,358,987 shares changed hands during trading, an increase of 539% from the previous session’s volume of 526,055 shares.The stock last traded at $55.1890 and had previously closed at $55.86.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BNPQY. Keefe, Bruyette & Woods upgraded BNP Paribas from a “moderate sell” rating to a “hold” rating in a report on Monday, December 15th. DZ Bank downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BNP Paribas in a research note on Tuesday. Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

BNP Paribas Stock Performance

The company has a market capitalization of $124.13 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.66 and a beta of 0.72. 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 company’s fifty day moving average is $51.01 and its 200 day moving average is $46.28.

BNP Paribas (OTCMKTS:BNPQY) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. BNP Paribas had a return on equity of 9.18% and a net margin of 23.53%.The business had revenue of $15.27 billion for the quarter, compared to analyst estimates of $15.27 billion. As a group, equities analysts anticipate that BNP Paribas SA will post 5.02 earnings per share for the current 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.