BNP Paribas (OTCMKTS:BNPQY) Sets New 1-Year High – Time to Buy?

BNP Paribas SA (OTCMKTS:BNPQY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $61.83 and last traded at $61.83, with a volume of 8403 shares. The stock had previously closed at $60.04.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BNPQY shares. Citigroup reiterated a “buy” rating on shares of BNP Paribas in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a research report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, BNP Paribas has a consensus rating of “Hold”.

BNP Paribas Price Performance

The company has a 50 day moving average price of $56.24 and a 200-day moving average price of $53.58. The company has a market cap of $135.78 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 0.60 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 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 company had revenue of $16.38 billion for the quarter, compared to analyst estimates 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 6.69 EPS for the current fiscal 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.