Commerzbank AG (OTCMKTS:CRZBY) Receives Average Rating of “Hold” from Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of equities analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Commerzbank in a report on Monday, August 11th. JPMorgan Chase & Co. downgraded shares of Commerzbank from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft raised shares of Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. The Goldman Sachs Group cut shares of Commerzbank from a “hold” rating to a “sell” rating in a report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods downgraded Commerzbank from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CRZBY. Rhumbline Advisers grew its position in shares of Commerzbank by 14.5% during the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 650 shares during the last quarter. GAMMA Investing LLC lifted its position in Commerzbank by 18.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 741 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 1,165 shares during the period.

Commerzbank Stock Down 3.5%

Shares of Commerzbank stock opened at $38.86 on Friday. The business has a 50-day moving average price of $37.16 and a 200 day moving average price of $35.03. Commerzbank has a fifty-two week low of $14.91 and a fifty-two week high of $44.85. The firm has a market cap of $46.04 billion, a P/E ratio of 17.27 and a beta of 0.57. 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 released its 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 the consensus estimate of $3.46 billion. On average, sell-side analysts forecast that Commerzbank will post 1.96 earnings per share for the current fiscal year.

Commerzbank Company Profile

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.