BNP Paribas (OTCMKTS:BNPQY) Hits New 52-Week High – Should You Buy?

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. DZ Bank upgraded shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research report on Wednesday, July 15th. Kepler Capital Markets upgraded BNP Paribas from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a research note on Monday, July 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

BNP Paribas Trading Up 1.5%

The business’s 50-day simple moving average is $57.28 and its two-hundred day simple moving average is $54.05. The firm has a market capitalization of $141.46 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.63 and a beta of 0.77. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.24.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $1.92 by $0.24. BNP Paribas had a net margin of 25.22% and a return on equity of 10.50%. The firm had revenue of $16.38 billion for the quarter, compared to analyst estimates of $15.44 billion. Equities analysts forecast that BNP Paribas SA will post 6.67 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.