BNP Paribas (OTCMKTS:BNPQY) Shares Gap Down - Time to Sell?

Key Points

• BNP Paribas shares gapped down from a prior close of $53.25 to open at $50.30, later trading near $50.25 on volume of 14,335 shares.
• Despite the decline, analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” based on one Strong Buy, three Buy, and four Hold ratings.
• The bank exceeded quarterly expectations, reporting earnings of $2.16 per share versus $1.92 expected and revenue of $16.38 billion versus $15.44 billion forecast.

BNP Paribas SA (OTCMKTS:BNPQY - Get Free Report)'s share price gapped down prior to trading on Thursday. The stock had previously closed at $53.25, but opened at $50.30. BNP Paribas shares last traded at $50.2450, with a volume of 14,335 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup restated a "buy" rating on shares of BNP Paribas in a report on Monday, July 20th. Royal Bank Of Canada reissued an "outperform" rating on shares of BNP Paribas in a research report on Monday, July 27th. Kepler Capital Markets upgraded BNP Paribas from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th. DZ Bank upgraded BNP Paribas from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BNP Paribas in a report on Wednesday, July 15th. One equities 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's stock. According to data from MarketBeat.com, BNP Paribas presently has a consensus rating of "Moderate Buy".

BNP Paribas Price Performance

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 stock has a market cap of $109.81 billion, a PE ratio of 7.38, a P/E/G ratio of 0.52 and a beta of 0.80. The company's 50 day moving average is $59.92 and its 200-day moving average is $56.37.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates 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. As a group, sell-side analysts predict that BNP Paribas SA will post 6.71 earnings per share for the current year.

About BNP Paribas

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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