Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) have earned an average rating of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $43.00.
Several research firms have recently issued reports on DB. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Weiss Ratings upgraded Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. UBS Group restated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Finally, Bank of America set a $43.00 target price on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th.
Institutional Trading of Deutsche Bank Aktiengesellschaft
A number of hedge funds have recently modified their holdings of DB. GAMMA Investing LLC increased its stake in Deutsche Bank Aktiengesellschaft by 51.6% in the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after purchasing an additional 277 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $28,000. Byrne Asset Management LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $34,000. Root Financial Partners LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $60,000. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $64,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.
Deutsche Bank Aktiengesellschaft Trading Down 0.8%
Shares of NYSE DB opened at $31.23 on Friday. The company’s 50 day simple moving average is $36.89 and its 200 day simple moving average is $34.96. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $41.62. The firm has a market capitalization of $60.59 billion, a P/E ratio of 8.33, a P/E/G ratio of 0.48 and a beta of 1.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72.
Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 3.82 EPS for the current year.
About Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and financial services to corporate, institutional, private and retail clients in Germany and international markets.
Its principal businesses include Corporate Bank, which offers transaction banking, cash management, trade finance and lending services; Investment Bank, which provides advisory, underwriting, securities trading and capital markets services; and Private Bank, which serves individuals, affluent clients and small and medium-sized businesses through retail and wealth management offerings.
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