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

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $43.00.

DB has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 20th.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently modified their holdings of DB. GAMMA Investing LLC raised its position in Deutsche Bank Aktiengesellschaft by 51.6% in the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after purchasing an additional 277 shares during the last quarter. Triumph Capital Management purchased a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth $32,000. Geneos Wealth Management Inc. grew its position in Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd 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 position in Deutsche Bank Aktiengesellschaft in the third quarter valued at $59,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at about $64,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $41.55 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $41.56. The firm’s 50 day moving average is $37.00 and its two-hundred day moving average is $33.96. The firm has a market capitalization of $80.61 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.56 and a beta of 0.96.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.The company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.30 billion. Research analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.92 EPS for the current fiscal year.

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.