Shares of Commerzbank AG (OTCMKTS:CRZBY – Get Free Report) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company.
A number of equities analysts have recently issued reports on the stock. Citigroup restated a “neutral” rating on shares of Commerzbank in a research report on Monday, May 18th. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. DZ Bank raised Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Commerzbank raised Commerzbank from an “overweight” rating to a “buy” rating in a research note on Tuesday, May 12th. Finally, Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th.
View Our Latest Stock Report on Commerzbank
Institutional Investors Weigh In On Commerzbank
Commerzbank Stock Performance
Shares of Commerzbank stock opened at $42.78 on Friday. The firm has a market capitalization of $46.91 billion, a P/E ratio of 16.91 and a beta of 0.51. Commerzbank has a 52 week low of $30.98 and a 52 week high of $44.85. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 1.62. The firm’s 50 day moving average is $42.27 and its two-hundred day moving average is $40.69.
Commerzbank (OTCMKTS:CRZBY – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.87 by $0.11. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. Research analysts forecast that Commerzbank will post 3.53 EPS for the current fiscal year.
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.
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