Commerzbank (OTCMKTS:CRZBY) Shares Gap Up – Time to Buy?

Commerzbank AG (OTCMKTS:CRZBY) gapped up before the market opened on Wednesday . The stock had previously closed at $37.80, but opened at $39.40. Commerzbank shares last traded at $39.69, with a volume of 801 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRZBY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Commerzbank in a report on Monday, August 11th. Citigroup reiterated a “neutral” rating on shares of Commerzbank in a research report on Tuesday, August 5th. Keefe, Bruyette & Woods cut Commerzbank from a “hold” rating to a “moderate sell” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group downgraded Commerzbank from a “hold” rating to a “sell” rating in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. downgraded Commerzbank from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Commerzbank has an average rating of “Hold”.

Commerzbank Trading Up 5.3%

The firm has a market cap of $47.16 billion, a price-to-earnings ratio of 17.69 and a beta of 0.57. The business has a 50 day moving average of $36.94 and a 200 day moving average of $35.61. The company has a quick ratio of 33.14, a current ratio of 12.40 and a debt-to-equity ratio of 14.69.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Commerzbank had a return on equity of 7.49% and a net margin of 10.51%.The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.46 billion. On average, research analysts forecast that Commerzbank AG will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Commerzbank

A number of hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its stake in Commerzbank by 14.5% in the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after buying an additional 650 shares during the last quarter. GAMMA Investing LLC boosted 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 valued at $183,000 after acquiring an additional 741 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in Commerzbank by 8.0% during the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 1,165 shares during the last quarter.

About Commerzbank

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.