BNP Paribas (OTCMKTS:BNPQY) Shares Gap Down - Should You Sell?

Key Points

• BNP Paribas shares gapped down from a prior close of $58.27 to open at $55.73, later trading near $55.59 on volume of 12,747 shares.
• Analyst sentiment remains positive overall, with ratings aggregating to a “Moderate Buy”; recommendations include Strong Buy, Buy, Hold, and an upgrade from Strong Sell to Hold.
• The bank exceeded quarterly expectations, reporting $2.16 in earnings per share versus a $1.92 consensus and revenue of $16.38 billion versus $15.44 billion expected.

Shares of BNP Paribas SA (OTCMKTS:BNPQY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $58.27, but opened at $55.73. BNP Paribas shares last traded at $55.5850, with a volume of 12,747 shares trading hands.

Analyst Upgrades and Downgrades

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

BNP Paribas Stock Performance

The company has a 50-day moving average of $61.23 and a 200-day moving average of $56.06. The firm has a market capitalization of $122.44 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 0.58 and a beta of 0.76. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.24.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last released its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, beating 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 firm had revenue of $16.38 billion during the quarter, compared to analyst estimates of $15.44 billion. On average, equities research analysts forecast that BNP Paribas SA will post 6.7 earnings per share for the current fiscal year.

BNP Paribas Company Profile

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.

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