Commerzbank (OTCMKTS:CRZBY) Shares Gap Up – Should You Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $39.59, but opened at $43.41. Commerzbank shares last traded at $43.41, with a volume of 231 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRZBY. Keefe, Bruyette & Woods upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 26th. Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. DZ Bank upgraded Commerzbank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Zacks Research lowered shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Commerzbank Price Performance

The company’s 50 day moving average price is $38.70 and its 200-day moving average price is $39.43. The stock has a market cap of $46.14 billion, a P/E ratio of 18.14 and a beta of 0.50. The company has a quick ratio of 15.42, a current ratio of 15.43 and a debt-to-equity ratio of 14.97.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.11. Commerzbank had a net margin of 11.02% and a return on equity of 7.38%. As a group, sell-side analysts expect that Commerzbank AG will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC grew its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,113 shares of the financial services provider’s stock after acquiring an additional 272 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 as of its most recent SEC filing.

About Commerzbank

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.