BNP Paribas SA (OTCMKTS:BNPQY) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 131,500 shares, a decline of 54.6% from the August 15th total of 289,900 shares. Based on an average daily volume of 352,200 shares, the days-to-cover ratio is currently 0.4 days.
Shares of BNP Paribas stock opened at $32.13 on Friday. BNP Paribas has a 1 year low of $16.78 and a 1 year high of $35.31. The business has a 50-day moving average of $31.03 and a two-hundred day moving average of $31.77. The company has a market capitalization of $80.33 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 0.62 and a beta of 1.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.80 and a quick ratio of 0.80.
BNP Paribas (OTCMKTS:BNPQY) last announced its quarterly earnings results on Friday, July 30th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.27. BNP Paribas had a return on equity of 7.08% and a net margin of 18.03%. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $13.31 billion. On average, equities analysts anticipate that BNP Paribas will post 3.7 EPS for the current fiscal year.
Several research firms recently weighed in on BNPQY. Royal Bank of Canada upgraded BNP Paribas to an “outperform” rating and boosted their target price for the stock from €60.00 ($70.59) to €62.00 ($72.94) in a report on Monday, August 2nd. HSBC upgraded BNP Paribas to a “buy” rating in a report on Friday, May 28th. Deutsche Bank Aktiengesellschaft boosted their target price on BNP Paribas from €59.00 ($69.41) to €61.00 ($71.76) and gave the stock a “hold” rating in a report on Monday, August 2nd. Credit Suisse Group lifted their price target on BNP Paribas from €60.00 ($70.59) to €62.00 ($72.94) and gave the stock an “outperform” rating in a research report on Monday, August 2nd. Finally, Morgan Stanley lifted their price target on BNP Paribas from €68.00 ($80.00) to €69.00 ($81.18) and gave the stock an “overweight” rating in a research report on Tuesday, August 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $56.59.
BNP Paribas Company Profile
BNP Paribas SA engages in the provision of banking and financial services. The company operates through the following business: Retail Banking and Services, and Corporate Institutional Banking. The Retail Banking and Services business includes the retail banking networks and specialized financial services in France and around the world.
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