Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 12-Month High – Should You Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB) hit a new 52-week high on Thursday . The stock traded as high as $41.02 and last traded at $41.08, with a volume of 32835 shares. The stock had previously closed at $40.50.

Analysts Set New Price Targets

A number of research firms recently commented on DB. Zacks Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Tuesday. Bank of America set a $43.00 price objective on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Finally, Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

The stock has a market cap of $80.14 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 0.58 and a beta of 0.96. The firm’s 50-day moving average is $37.15 and its two-hundred day moving average is $34.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 3.92 earnings per share for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Deutsche Bank Aktiengesellschaft by 51.6% during the second 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 shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. grew its position in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after purchasing an additional 881 shares in the last quarter. Advisory Services Network LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $59,000. Finally, GHP Investment Advisors Inc. purchased a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $64,000. Hedge funds and other 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.