Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded by Zacks Research to “Hold” Rating

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on DB. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Bank of America set a $43.00 target price on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

DB opened at $40.38 on Thursday. The stock’s 50 day simple moving average is $36.56 and its 200-day simple moving average is $33.88. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The stock has a market cap of $78.34 billion, a PE ratio of 10.77, a P/E/G ratio of 0.56 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $40.69.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.25). The firm had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. Sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.88 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Deutsche Bank Aktiengesellschaft by 51.6% during the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after acquiring an additional 277 shares during the last quarter. Triumph Capital Management acquired a new position in Deutsche Bank Aktiengesellschaft in the third quarter worth $32,000. Geneos Wealth Management Inc. grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after purchasing an additional 881 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at $59,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at about $64,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.