Commerzbank (OTCMKTS:CRZBY) Sets New 1-Year High – Should You Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $44.88 and last traded at $44.45, with a volume of 2450 shares changing hands. The stock had previously closed at $43.94.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRZBY. Barclays raised Commerzbank from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 20th. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods upgraded Commerzbank from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 26th. Zacks Research downgraded Commerzbank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research report on Monday, May 18th. One research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Commerzbank Price Performance

The company has a market cap of $49.16 billion, a P/E ratio of 17.72 and a beta of 0.53. The company’s 50-day moving average price is $42.69 and its two-hundred day moving average price is $40.84. The company has a current ratio of 12.24, a quick ratio of 12.24 and a debt-to-equity ratio of 1.62.

Commerzbank (OTCMKTS:CRZBY) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.87 by $0.11. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. As a group, sell-side analysts expect that Commerzbank AG will post 3.53 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its position in Commerzbank AG (OTCMKTS:CRZBY) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,113 shares of the financial services provider’s stock after acquiring an additional 272 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $217,000 as of its most recent SEC filing.

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.