Commerzbank AG (OTCMKTS:CRZBY) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Commerzbank AG has received a consensus recommendation of "Hold" from six ratings firms, with one sell rating, four hold ratings, and one buy rating.
• The company reported $0.22 earnings per share for the last quarter, missing analysts' expectations of $0.67, but exceeded revenue expectations with $3.49 billion in revenue.
• Commerzbank's market capitalization is $45.14 billion and its stock has a fifty-day simple moving average of $38.45.

Shares of Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) have received an average rating of "Hold" from the six ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company.

A number of brokerages have issued reports on CRZBY. Citigroup reiterated a "neutral" rating on shares of Commerzbank in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft lowered Commerzbank from a "buy" rating to a "hold" rating in a research note on Monday, August 18th. Keefe, Bruyette & Woods lowered Commerzbank from a "hold" rating to a "moderate sell" rating in a research report on Tuesday. The Goldman Sachs Group lowered Commerzbank from a "hold" rating to a "sell" rating in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lowered Commerzbank from an "overweight" rating to a "neutral" rating in a research report on Tuesday, September 9th.

Commerzbank Trading Up 0.4%

Shares of CRZBY stock opened at $38.10 on Friday. Commerzbank has a 52-week low of $14.91 and a 52-week high of $44.85. The company has a debt-to-equity ratio of 14.69, a quick ratio of 33.14 and a current ratio of 12.40. The firm has a market capitalization of $45.14 billion, a PE ratio of 16.93 and a beta of 0.67. The stock has a fifty day simple moving average of $38.45 and a two-hundred day simple moving average of $32.05.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.45). Commerzbank had a return on equity of 7.49% and a net margin of 10.51%.The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $2.97 billion. On average, analysts predict that Commerzbank will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Commerzbank by 124.6% during the first quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 2,306 shares in the last quarter. Rhumbline Advisers grew its position in Commerzbank by 14.5% in 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 in the last quarter. Finally, Yousif Capital Management LLC grew its position in Commerzbank by 8.0% in 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 in the last quarter.

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.

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