BNP Paribas (OTCMKTS:BNPQY) Sets New 1-Year High – Here’s What Happened

BNP Paribas SA (OTCMKTS:BNPQY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $58.75 and last traded at $58.74, with a volume of 26246 shares traded. The stock had previously closed at $57.71.

Analyst Ratings Changes

BNPQY has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods raised shares of BNP Paribas from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, BNP Paribas has a consensus rating of “Hold”.

BNP Paribas Stock Performance

The stock’s 50 day moving average is $54.65 and its 200 day moving average is $52.36. The firm has a market cap of $129.06 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.59 and a beta of 0.77.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. The company had revenue of $86.05 billion during the quarter, compared to analysts’ expectations of $15.85 billion. BNP Paribas had a return on equity of 9.61% and a net margin of 23.86%. On average, equities research analysts predict that BNP Paribas SA will post 6.63 EPS 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.