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

Shares of BNP Paribas SA (OTCMKTS:BNPQY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $55.39 and last traded at $55.18, with a volume of 22363 shares traded. The stock had previously closed at $55.34.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a report on Friday. Barclays downgraded BNP Paribas from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 22nd. Zacks Research raised shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Keefe, Bruyette & Woods upgraded shares of BNP Paribas from a “moderate sell” rating to a “hold” rating in a report on Monday, December 15th. Finally, Citigroup reiterated a “buy” rating on shares of BNP Paribas in a research note on Thursday, January 22nd. One 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. Based on data from MarketBeat, BNP Paribas currently has a consensus rating of “Hold”.

BNP Paribas Trading Down 1.8%

The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The stock has a market cap of $121.99 billion, a PE ratio of 9.37, a P/E/G ratio of 0.67 and a beta of 0.72. The firm has a 50-day simple moving average of $49.43 and a 200-day simple moving average of $45.75.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. BNP Paribas had a net margin of 23.53% and a return on equity of 9.18%. The company had revenue of $15.27 billion during the quarter, compared to analyst estimates of $15.27 billion. Equities analysts forecast 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.