Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms have recently commented on DB. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a “buy” rating for the company.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $27.40 on Wednesday. The firm has a 50-day moving average of $26.51 and a two-hundred day moving average of $22.32. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $54.58 billion, a P/E ratio of 16.31, a PEG ratio of 0.36 and a beta of 0.98. Deutsche Bank Aktiengesellschaft has a 1-year low of $13.70 and a 1-year high of $29.07.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a net margin of 5.76% and a return on equity of 4.61%. The company had revenue of $8.97 billion during the quarter, compared to analyst estimates of $7.95 billion. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $773,016,000. GQG Partners LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth $470,716,000. Entrust Global Partners L L C acquired a new stake in Deutsche Bank Aktiengesellschaft during the first quarter valued at $365,750,000. Franklin Resources Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 199.8% in the fourth quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank’s stock valued at $222,715,000 after purchasing an additional 8,617,662 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Deutsche Bank Aktiengesellschaft by 9.4% during the 4th quarter. Capital International Investors now owns 87,660,818 shares of the bank’s stock worth $1,510,097,000 after purchasing an additional 7,558,488 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.