BNP Paribas (OTCMKTS:BNPQY) Sees Unusually-High Trading Volume – Here’s Why

by · The Markets Daily

BNP Paribas SA (OTCMKTS:BNPQY – Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 540,099 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 309,589 shares.The stock last traded at $50.51 and had previously closed at $50.79.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BNPQY. DZ Bank cut shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Keefe, Bruyette & Woods raised BNP Paribas from a “moderate sell” rating to a “hold” rating in a research note on Monday, December 15th. Barclays cut BNP Paribas from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Read Our Latest Research Report on BNP Paribas

BNP Paribas Trading Down 0.4%

The company has a market cap of $112.97 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.72 and a beta of 0.74. 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 business’s fifty day simple moving average is $44.04 and its two-hundred day simple moving average is $44.62.

BNP Paribas (OTCMKTS:BNPQY – Get Free Report) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $1.53 EPS for the quarter, meeting analysts’ consensus estimates of $1.53. BNP Paribas had a net margin of 22.74% and a return on equity of 8.56%. The firm had revenue of $81.48 billion for the quarter, compared to the consensus estimate of $12.84 billion. On average, equities analysts predict that BNP Paribas SA will post 5.02 EPS for the current year.

About BNP Paribas

(Get Free Report)

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.

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