BNP Paribas (OTCMKTS:BNPQY) Sees Strong Trading Volume - Time to Buy?

Key Points

• BNP Paribas shares saw a major volume surge, with 1.38 million shares traded mid-day—up 242% from the prior session—while the stock traded near $59.76.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” based on one Strong Buy, three Buy, and four Hold ratings.
• The bank exceeded quarterly expectations, reporting $2.16 in EPS versus $1.92 expected and revenue of $16.38 billion versus a $15.44 billion consensus estimate.

Shares of BNP Paribas SA (OTCMKTS:BNPQY - Get Free Report) saw strong trading volume on Wednesday . 1,377,035 shares changed hands during mid-day trading, an increase of 242% from the previous session's volume of 402,960 shares.The stock last traded at $59.76 and had previously closed at $59.83.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BNPQY shares. Citigroup restated a "buy" rating on shares of BNP Paribas in a research report on Monday, July 20th. Kepler Capital Markets upgraded BNP Paribas from a "strong sell" rating to a "hold" rating in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of BNP Paribas in a research note on Wednesday, July 15th. DZ Bank upgraded shares of BNP Paribas from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of BNP Paribas in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

BNP Paribas Price Performance

The stock has a 50-day moving average of $60.98 and a two-hundred day moving average of $55.79. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.24. The firm has a market cap of $132.48 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.60 and a beta of 0.76.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $1.92 by $0.24. BNP Paribas had a net margin of 25.22% and a return on equity of 10.32%. The company had revenue of $16.38 billion during the quarter, compared to analysts' expectations of $15.44 billion. On average, analysts anticipate that BNP Paribas SA will post 6.72 EPS for the current year.

About BNP Paribas

BNP Paribas is a diversified European banking group headquartered in Paris, France. The company provides banking and financial services to individual customers, small and medium-sized businesses, corporations, institutional investors and public-sector organizations. Its activities include retail and commercial banking, consumer finance, commercial real estate, insurance, asset management, wealth management, securities services and investment banking.

BNP Paribas organizes its operations into three principal business divisions: Commercial, Personal Banking & Services; Commercial, Corporate & Institutional Banking; and Investment & Protection Services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.