Commerzbank (OTCMKTS:CRZBY) Shares Gap Down - What's Next?

Key Points

• Commerzbank shares gapped down premarket from $41.75 to $40.18, a decline of about 4.8%, with light trading volume (3,077 shares reported).
• Research firms have recently upgraded the stock and MarketBeat shows a consensus of Moderate Buy (five Buy ratings and five Hold ratings), including upgrades from RBC and Barclays.
• In the latest quarter Commerzbank posted an EPS beat ($0.72 vs. $0.58 expected) but missed on revenue ($3.03B vs. $3.61B), and the stock trades around a $43.6B market cap with a P/E of ~17.1.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $41.75, but opened at $40.18. Commerzbank shares last traded at $40.18, with a volume of 3,077 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on CRZBY. Royal Bank Of Canada upgraded shares of Commerzbank from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 21st. DZ Bank upgraded shares of Commerzbank from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 11th. Keefe, Bruyette & Woods upgraded shares of Commerzbank from a "hold" rating to a "moderate buy" rating in a research report on Thursday, March 26th. Barclays upgraded shares of Commerzbank from an "equal weight" rating to an "overweight" rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Commerzbank in a research report on Thursday, April 16th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Commerzbank Stock Down 4.8%

The company has a debt-to-equity ratio of 14.97, a current ratio of 15.43 and a quick ratio of 15.42. The firm has a market capitalization of $43.60 billion, a P/E ratio of 17.14 and a beta of 0.50. The company's 50-day simple moving average is $38.58 and its two-hundred day simple moving average is $39.28.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 25th. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.61 billion. Commerzbank had a net margin of 11.02% and a return on equity of 7.38%. As a group, research analysts expect that Commerzbank AG will post 3.44 earnings per share for the current year.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers increased its position in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 22.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,876 shares of the financial services provider's stock after purchasing an additional 1,252 shares during the period. Rhumbline Advisers' holdings in Commerzbank were worth $260,000 at the end of the most recent reporting period.

Commerzbank Company Profile

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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