BNP Paribas (OTCMKTS:BNPQY) Sees Strong Trading Volume – Should You Buy?

Shares of BNP Paribas SA (OTCMKTS:BNPQY) saw strong trading volume on Wednesday . 394,490 shares traded hands during trading, a decline of 8% from the previous session’s volume of 427,345 shares.The stock last traded at $54.81 and had previously closed at $55.32.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research note on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of BNP Paribas in a research report on Thursday, January 22nd. DZ Bank downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Royal Bank Of Canada restated an “outperform” rating on shares of BNP Paribas in a report on Friday. Finally, Zacks Research raised shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BNP Paribas currently has a consensus rating of “Hold”.

BNP Paribas Trading Down 0.2%

The stock has a market cap of $121.62 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.67 and a beta of 0.72. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s fifty day moving average is $49.43 and its 200 day moving average is $45.75.

BNP Paribas (OTCMKTS:BNPQY) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. The company had revenue of $15.27 billion for the quarter, compared to analyst estimates of $15.27 billion. BNP Paribas had a net margin of 23.53% and a return on equity of 9.18%. As a group, equities research analysts predict that BNP Paribas SA will post 5.02 earnings per share for the current fiscal year.

About BNP Paribas

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.