Commerzbank (OTCMKTS:CRZBY) Shares Gap Up - Should You Buy?

Key Points

• Commerzbank shares gapped up, opening at $43.41 after a $39.59 close and last trading at $43.41 on very light volume (231 shares).
• Several analysts have recently upgraded the stock (e.g., RBC to "moderate buy" and Barclays to "overweight"), and the consensus from 10 analysts is a Moderate Buy.
• The bank beat EPS expectations ($0.72 vs. $0.58) but missed on revenue ($3.03B vs. $3.61B); key metrics include a market cap of $47.85B and a P/E of 18.81.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $39.59, but opened at $43.41. Commerzbank shares last traded at $43.41, with a volume of 231 shares.

Analyst Ratings Changes

CRZBY has been the subject of several analyst reports. Royal Bank Of Canada raised Commerzbank from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reissued a "neutral" rating on shares of Commerzbank in a research report on Monday, February 23rd. DZ Bank raised shares of Commerzbank from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 11th. Barclays raised shares of Commerzbank from an "equal weight" rating to an "overweight" rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Commerzbank in a research report on Thursday, April 16th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Commerzbank Stock Performance

The company's 50-day simple moving average is $38.60 and its 200 day simple moving average is $39.32. The company has a current ratio of 15.43, a quick ratio of 15.42 and a debt-to-equity ratio of 14.97. The stock has a market cap of $47.85 billion, a P/E ratio of 18.81 and a beta of 0.50.

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

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers increased its stake in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,140 shares of the financial services provider's stock after purchasing an additional 650 shares during the quarter. Rhumbline Advisers' holdings in Commerzbank were worth $117,000 at the end of the most recent quarter.

About Commerzbank

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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