Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Rating Upgraded by Wall Street Zen

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

DB has been the topic of a number of other reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 2nd. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Jefferies Financial Group initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating for the company. Kepler Capital Markets downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, July 28th. Finally, Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Down 0.6%

Shares of Deutsche Bank Aktiengesellschaft stock opened at $35.75 on Friday. The firm has a market capitalization of $71.21 billion, a PE ratio of 13.19, a P/E/G ratio of 1.12 and a beta of 0.98. Deutsche Bank Aktiengesellschaft has a twelve month low of $16.02 and a twelve month high of $37.86. The firm’s 50-day moving average price is $35.36 and its 200 day moving average price is $31.65. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $7.75 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 6.13%. On average, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 574.0% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,125,577 shares of the bank’s stock worth $110,677,000 after buying an additional 2,661,833 shares during the last quarter. Sagespring Wealth Partners LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 5.7% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 12,019 shares of the bank’s stock worth $426,000 after buying an additional 643 shares during the last quarter. Myriad Asset Management US LP purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $765,000. Root Financial Partners LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $27,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $235,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.