BNP Paribas (OTCMKTS:BNPQY) Shares Gap Down - Here's Why

Key Points

• BNP Paribas shares fell 3.6%, opening at $52.26 versus the prior close of $55.24 and later trading near $51.92.
• Analyst sentiment remains favorable overall, with the stock carrying a “Moderate Buy” consensus; ratings include Strong Buy, Buy, and Hold recommendations.
• BNP Paribas exceeded quarterly expectations, reporting $2.16 in EPS versus the $1.92 estimate and revenue of $16.38 billion versus the $15.44 billion consensus.

BNP Paribas SA (OTCMKTS:BNPQY - Get Free Report)'s stock price gapped down prior to trading on Thursday. The stock had previously closed at $55.24, but opened at $52.26. BNP Paribas shares last traded at $51.9210, with a volume of 27,184 shares trading hands.

Analysts Set New Price Targets

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

BNP Paribas Trading Down 3.6%

The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.24. The business's fifty day moving average is $60.78 and its two-hundred day moving average is $56.27. The firm has a market cap of $113.42 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.54 and a beta of 0.76.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.24. The firm had revenue of $16.38 billion for the quarter, compared to analyst estimates of $15.44 billion. BNP Paribas had a return on equity of 10.32% and a net margin of 25.22%. Equities analysts anticipate that BNP Paribas SA will post 6.71 earnings per share for the current fiscal year.

BNP Paribas Company Profile

BNP Paribas is a major European banking group headquartered in France. The company provides banking and financial services to individual customers, businesses, institutional clients and public-sector organizations through a range of operations spanning retail banking, commercial banking, corporate and institutional banking, and investment and protection services.

Its activities include deposit and lending products, payment services, consumer finance, wealth management, insurance, asset management, securities services, and capital-markets and advisory services.

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