Commerzbank (OTCMKTS:CRZBY) Shares Gap Down Following Analyst Downgrade

Key Points

• Commerzbank's shares gapped down significantly after JPMorgan Chase downgraded the stock from an overweight rating to a neutral rating, opening at $38.06 from a previous close of $39.58.
• The company reported a missed EPS estimate of $0.22 compared to analysts' expectations of $0.67 for its latest quarterly earnings.
• Analyst ratings for Commerzbank indicate a general downward trend, with one buy, four holds, and one sell, leading to a consensus rating of "Hold".

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report)'s share price gapped down prior to trading on Tuesday after JPMorgan Chase & Co. downgraded the stock from an overweight rating to a neutral rating. The stock had previously closed at $39.58, but opened at $38.06. Commerzbank shares last traded at $38.22, with a volume of 3,787 shares trading hands.

Several other research firms have also weighed in on CRZBY. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Commerzbank in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft lowered shares of Commerzbank from a "buy" rating to a "hold" rating in a research note on Monday, August 18th. Citigroup reissued a "neutral" rating on shares of Commerzbank in a research report on Tuesday, August 5th. The Goldman Sachs Group downgraded shares of Commerzbank from a "hold" rating to a "sell" rating in a research report on Tuesday, August 26th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Commerzbank in a research report on Monday, May 19th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Commerzbank presently has a consensus rating of "Hold".

Institutional Trading of Commerzbank

Several large investors have recently modified their holdings of the company. Yousif Capital Management LLC boosted its holdings in shares of Commerzbank by 8.0% during the 2nd 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 period. Rhumbline Advisers boosted its holdings in shares of Commerzbank by 14.5% during the 1st quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider's stock worth $117,000 after buying an additional 650 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Commerzbank by 124.6% during the 1st quarter. GAMMA Investing LLC now owns 4,156 shares of the financial services provider's stock worth $95,000 after buying an additional 2,306 shares during the period.

Commerzbank Trading Down 1.8%

The company has a current ratio of 12.40, a quick ratio of 33.14 and a debt-to-equity ratio of 14.69. The company's fifty day moving average is $37.74 and its 200-day moving average is $31.22. The firm has a market capitalization of $45.12 billion, a P/E ratio of 16.93 and a beta of 0.67.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.45). The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $2.97 billion. Commerzbank had a return on equity of 7.49% and a net margin of 10.51%. As a group, sell-side analysts anticipate that Commerzbank AG 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.