Credit Agricole (OTCMKTS:CRARY) Shares Gap Up – Time to Buy?

Shares of Credit Agricole SA (OTCMKTS:CRARY) gapped up before the market opened on Monday . The stock had previously closed at $10.67, but opened at $11.09. Credit Agricole shares last traded at $11.08, with a volume of 10,585 shares.

Wall Street Analyst Weigh In

CRARY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Credit Agricole in a report on Wednesday, February 11th. Oddo Bhf raised shares of Credit Agricole from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 27th. Finally, Zacks Research cut shares of Credit Agricole from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Credit Agricole Price Performance

The stock has a market cap of $66.45 billion, a price-to-earnings ratio of 9.23 and a beta of 0.65. The business’s 50 day moving average is $10.42 and its 200 day moving average is $9.84.

Credit Agricole (OTCMKTS:CRARY) last posted its earnings results on Wednesday, February 4th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). The firm had revenue of $8.11 billion for the quarter, compared to analyst estimates of $7.98 billion. Credit Agricole had a return on equity of 37.56% and a net margin of 24.65%.

Credit Agricole Company Profile

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.