BNP Paribas (OTCMKTS:BNPQY) Hits New 12-Month High - What's Next?

Key Points

• BNP Paribas' stock reached a new 52-week high at $47.68, with a trading volume of 78,706 shares, indicating strong investor interest.
• The company reported earnings of $1.64 per share for its last quarter, surpassing estimates and achieving a revenue of $14.27 billion, which exceeded analyst expectations.
• Analyst ratings for BNP Paribas include one strong buy, three buy, and one sell rating, leading to an average rating of "Moderate Buy."

BNP Paribas SA (OTCMKTS:BNPQY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $47.68 and last traded at $47.68, with a volume of 78706 shares traded. The stock had previously closed at $46.36.

Wall Street Analyst Weigh In

BNPQY has been the subject of several research reports. Barclays restated an "overweight" rating on shares of BNP Paribas in a research report on Tuesday, April 15th. Royal Bank Of Canada restated an "outperform" rating on shares of BNP Paribas in a research note on Friday, July 25th. Finally, DZ Bank upgraded shares of BNP Paribas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

BNP Paribas Stock Performance

The stock has a fifty day moving average price of $44.97 and a two-hundred day moving average price of $41.88. The company has a market cap of $109.81 billion, a P/E ratio of 9.12, a PEG ratio of 0.80 and a beta of 1.13. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.65 and a quick ratio of 0.65.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.09. The company had revenue of $14.27 billion for the quarter, compared to analysts' expectations of $12.75 billion. BNP Paribas had a return on equity of 8.40% and a net margin of 22.65%. On average, equities analysts forecast that BNP Paribas SA will post 5.02 earnings per share for the current fiscal year.

BNP Paribas Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 19th were issued a $1.951 dividend. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 438.0%. BNP Paribas's dividend payout ratio is presently 37.71%.

BNP Paribas Company Profile

BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services.