Shares of Commerzbank AG (OTCMKTS:CRZBY – Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $42.35 and traded as low as $42.18. Commerzbank shares last traded at $42.18, with a volume of 22,121 shares.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CRZBY. Deutsche Bank Aktiengesellschaft lowered Commerzbank from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Royal Bank Of Canada cut Commerzbank from a “moderate buy” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Commerzbank presently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on Commerzbank
Commerzbank Stock Performance
The business’s 50-day moving average is $44.95 and its 200 day moving average is $42.35. The company has a debt-to-equity ratio of 1.62, a quick ratio of 12.24 and a current ratio of 0.45. The company has a market cap of $44.28 billion, a PE ratio of 12.67 and a beta of 0.60.
Commerzbank (OTCMKTS:CRZBY – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Commerzbank had a return on equity of 8.89% and a net margin of 13.30%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. On average, equities research analysts predict that Commerzbank AG will post 3.42 EPS for the current fiscal year.
Hedge Funds Weigh In On Commerzbank
An institutional investor recently bought a new position in Commerzbank stock. Canopy Partners LLC bought a new position in Commerzbank AG (OTCMKTS:CRZBY – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 4,570 shares of the financial services provider’s stock, valued at approximately $207,000.
About Commerzbank
Commerzbank AG is a German banking group headquartered in Frankfurt. Founded in Hamburg in 1870, it provides financial services to individuals, small and midsize businesses, and corporate clients.
Its services include checking and savings accounts, payments, lending, investment and securities services, and financing for businesses. For corporate customers, the bank also offers services such as trade finance, cash management, and support for international business activities.
Commerzbank’s business is centered on Germany, with operations and services in other markets, including through its Polish subsidiary mBank.
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