Erste Group Bank AG (OTCMKTS:EBKDY) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Erste Group Bank has a consensus “Buy” rating from seven analysts: five rate it a buy, one a strong buy, and one a hold. Recent upgrades included Goldman Sachs raising its view to “strong buy” and Oddo Bhf upgrading the stock to “outperform.”
• The stock opened at $70.81, down 0.6%, and remains near its 52-week high of $73.10. It has gained relative to its 50-day and 200-day moving averages, which stood at $68.53 and $62.14, respectively.
• Erste Group exceeded quarterly expectations, reporting $1.44 EPS versus a $1.43 consensus and revenue of $4.62 billion against estimates of $4.48 billion. Analysts expect full-year EPS of $5.91.

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) have been given a consensus rating of "Buy" by the seven research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company.

A number of brokerages recently commented on EBKDY. Zacks Research raised shares of Erste Group Bank from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Erste Group Bank in a research report on Monday, July 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of Erste Group Bank in a report on Wednesday, September 2nd. Oddo Bhf upgraded shares of Erste Group Bank from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group raised shares of Erste Group Bank to a "strong-buy" rating in a research note on Wednesday, July 8th.

Erste Group Bank Stock Down 0.6%

Erste Group Bank stock opened at $70.81 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $55.00 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85. Erste Group Bank has a fifty-two week low of $47.02 and a fifty-two week high of $73.10. The stock's fifty day moving average is $68.53 and its two-hundred day moving average is $62.14.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.01. The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.48 billion. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. Analysts predict that Erste Group Bank will post 5.91 EPS for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian financial services company headquartered in Vienna. Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe's major banking organizations. Its ordinary shares are listed on the Vienna Stock Exchange, while its American depositary receipts trade over the counter in the United States under the symbol EBKDY.

The company provides retail and commercial banking services, including current and savings accounts, consumer and mortgage lending, payment services, investment products, and insurance-related offerings.

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