Warburg Research Reaffirms “Buy” Rating for Deutsche Bank Aktiengesellschaft (NYSE:DB)

Deutsche Bank Aktiengesellschaft (NYSE:DB)‘s stock had its “buy” rating reissued by equities researchers at Warburg Research in a research report issued to clients and investors on Wednesday.

Several other research firms have also recently commented on DB. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, September 2nd. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a report on Tuesday, September 1st. Zacks Research raised shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings raised shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $33.67 on Wednesday. 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 company’s 50-day moving average price is $38.03 and its 200 day moving average price is $34.75. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $41.62. The stock has a market cap of $65.33 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.47 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. As a group, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.89 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of 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 during the period. Byrne Asset Management LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $34,000. GHP Investment Advisors Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $64,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Deutsche Bank Aktiengesellschaft by 22,576.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank’s stock valued at $114,000 after acquiring an additional 2,935 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth approximately $164,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.