Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 52-Week Low – Should You Sell?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $2.60 and last traded at $37.9830, with a volume of 1370306 shares trading hands. The stock had previously closed at $38.88.

Wall Street Analysts Forecast Growth

DB has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Wall Street Zen raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Jefferies Financial Group assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

The company has a market cap of $77.45 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.36 and a beta of 0.96. The company’s 50 day moving average price is $37.48 and its 200-day moving average price is $35.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.16. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 5.97%. On average, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $25,000. Root Financial Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the third quarter valued at about $27,000. Salomon & Ludwin LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% in the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after buying an additional 758 shares during the period. Triumph Capital Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after acquiring an additional 413 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

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.