Commerzbank (OTCMKTS:CRZBY) Shares Gap Down – Should You Sell?

Commerzbank AG (OTCMKTS:CRZBY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $42.81, but opened at $41.07. Commerzbank shares last traded at $41.2850, with a volume of 1,923 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Zacks Research lowered shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Commerzbank in a report on Monday, February 23rd. Barclays upgraded Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. Finally, Keefe, Bruyette & Woods upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Commerzbank has an average rating of “Moderate Buy”.

Commerzbank Stock Performance

The stock has a market cap of $45.24 billion, a PE ratio of 16.31 and a beta of 0.51. The company has a quick ratio of 15.42, a current ratio of 12.24 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average of $41.32 and a 200 day moving average of $40.39.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.83 billion. Equities analysts predict that Commerzbank AG will post 3.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. Rhumbline Advisers grew its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

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.