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

Commerzbank AG (OTCMKTS:CRZBY) gapped up before the market opened on Thursday . The stock had previously closed at $39.0010, but opened at $40.49. Commerzbank shares last traded at $40.39, with a volume of 2,138 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a report on Tuesday, August 5th. The Goldman Sachs Group lowered shares of Commerzbank from a “hold” rating to a “sell” rating in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft raised shares of Commerzbank from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. downgraded Commerzbank from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 9th. Finally, Keefe, Bruyette & Woods cut Commerzbank from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Commerzbank currently has an average rating of “Hold”.

Commerzbank Price Performance

The company has a debt-to-equity ratio of 14.69, a current ratio of 12.40 and a quick ratio of 33.14. The stock has a market capitalization of $47.91 billion, a price-to-earnings ratio of 17.98 and a beta of 0.57. The business’s fifty day moving average price is $37.10 and its 200-day moving average price is $34.91.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings data 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 company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.46 billion. On average, research analysts forecast that Commerzbank AG will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Commerzbank

Several large investors have recently made changes to their positions in CRZBY. Rhumbline Advisers raised its stake in shares of Commerzbank by 22.3% during the 3rd quarter. Rhumbline Advisers now owns 6,876 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 1,252 shares during the period. GAMMA Investing LLC grew its position in Commerzbank by 18.1% during the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock valued at $183,000 after buying an additional 741 shares during the period. Finally, Yousif Capital Management LLC increased its holdings 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 buying 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.