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

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $43.00.

A number of research firms recently commented on DB. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, September 2nd. Finally, Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of 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 period. GHP Investment Advisors Inc. acquired a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $64,000. Caitong International Asset Management Co. Ltd increased its position in 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 worth $114,000 after purchasing an additional 2,935 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the second quarter worth approximately $164,000. Finally, Verus Capital Partners LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $34.97 on Tuesday. 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 has a market capitalization of $67.83 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00. The firm has a 50-day moving average price of $38.21 and a two-hundred day moving average price of $34.58. Deutsche Bank Aktiengesellschaft has a twelve month low of $28.12 and a twelve month high of $41.62.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results 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 company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. As a group, research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company Profile

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.