Commerzbank AG (OTCMKTS:CRZBY) Receives Average Rating of “Hold” from Brokerages

Shares of Commerzbank AG (OTCMKTS:CRZBY) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Commerzbank from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 9th. The Goldman Sachs Group upgraded shares of Commerzbank from a “sell” rating to a “neutral” rating in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Commerzbank from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. Finally, Keefe, Bruyette & Woods lowered Commerzbank from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 23rd.

Commerzbank Price Performance

CRZBY stock opened at $42.73 on Friday. Commerzbank has a 1 year low of $16.08 and a 1 year high of $44.85. The company has a market cap of $50.62 billion, a P/E ratio of 18.82 and a beta of 0.36. The stock’s fifty day moving average price is $39.44 and its 200-day moving average price is $37.64.

Commerzbank (OTCMKTS:CRZBY) last posted its earnings results on Thursday, November 6th. The financial services provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.46 billion. Commerzbank had a net margin of 11.03% and a return on equity of 7.29%. As a group, analysts expect that Commerzbank will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CRZBY. Rhumbline Advisers grew its stake 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 valued at $117,000 after acquiring an additional 650 shares during the period. GAMMA Investing LLC raised its stake in Commerzbank by 18.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 741 shares during the period. Finally, Yousif Capital Management LLC lifted its holdings in Commerzbank by 8.0% during the second quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 1,165 shares in the last 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.