Commerzbank (OTCMKTS:CRZBY) Shares Gap Up – Still a Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $41.03, but opened at $42.96. Commerzbank shares last traded at $42.71, with a volume of 2,423 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upgraded Commerzbank from a “sell” rating to a “neutral” rating in a research note on Thursday, December 4th. Keefe, Bruyette & Woods lowered shares of Commerzbank from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Commerzbank from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. downgraded Commerzbank from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Commerzbank presently has an average rating of “Hold”.

Commerzbank Stock Performance

The firm has a market cap of $49.86 billion, a price-to-earnings ratio of 18.54 and a beta of 0.36. The stock’s fifty day moving average is $38.04 and its two-hundred day moving average is $36.92. The company has a debt-to-equity ratio of 1.82, a quick ratio of 33.14 and a current ratio of 0.53.

Commerzbank (OTCMKTS:CRZBY) last posted its earnings results on Thursday, November 6th. The financial services provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). Commerzbank had a return on equity of 7.29% and a net margin of 11.03%.The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.46 billion. On average, analysts expect that Commerzbank AG will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Commerzbank

Several hedge funds have recently added to or reduced their stakes in CRZBY. Rhumbline Advisers boosted its position in Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 650 shares during the period. GAMMA Investing LLC lifted its holdings in Commerzbank by 18.1% in the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 741 shares during the period. Finally, Yousif Capital Management LLC lifted its holdings in Commerzbank by 8.0% in the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 1,165 shares during the period.

Commerzbank Company Profile

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.