Several brokerages have updated their recommendations and price targets on shares of Deutsche Bank (NYSE: DB) in the last few weeks:

  • 8/30/2018 – Deutsche Bank was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “On the NYSE, shares of Deutsche Bank have underperformed the industry over the past six months. During the second quarter, the bank made progress in achieving its several strategic targets laid down by the newly appointed chief executive officer, who remains confident of staging a turnaround fast. Deutsche Bank’s efforts to improve financials by offloading unprofitable businesses are encouraging. Recently, the bank has acquired an equity stake in ModoPayments to further expand its transaction banking franchise. However, its profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Also, margins continue to remain under pressure owing to low interest rates. Moreover, litigation issues related to past misconducts continue and legal costs might deter bottom-line growth.”
  • 8/24/2018 – Deutsche Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “On the NYSE, shares of Deutsche Bank have underperformed the industry over the past six months. Second-quarter 2018 results reflect significant improvement in performance as reflected by rising revenues and a strong capital position. Also, during the quarter, the bank made progress in achieving its several strategic targets laid down by the newly appointed chief executive officer, who remains confident of staging a turnaround fast. Deutsche Bank’s efforts to improve financials by offloading unprofitable businesses and reducing expenses are encouraging. However, its profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Also, margins continue to remain under pressure owing to low interest rates. Moreover, litigation issues related to past misconducts continue and legal costs might deter bottom-line growth.”
  • 8/17/2018 – Deutsche Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “On the NYSE, shares of Deutsche Bank have underperformed the industry over the past six months. Second-quarter 2018 results reflect significant improvement in performance as reflected by rising revenues and a strong capital position. Also, during the quarter, the bank made progress in achieving its several strategic targets laid down by the newly appointed chief executive officer, who remains confident of staging a turnaround fast. Deutsche Bank’s efforts to improve financials by offloading unprofitable businesses and reducing expenses are encouraging. However, its profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Also, margins continue to remain under pressure owing to low interest rates. Moreover, litigation issues related to past misconducts continue and legal costs might deter bottom-line growth.”
  • 8/13/2018 – Deutsche Bank was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating.
  • 8/10/2018 – Deutsche Bank was downgraded by analysts at Morgan Stanley from an “equal” rating to a “weight” rating. They now have a $9.00 price target on the stock.
  • 7/25/2018 – Deutsche Bank had its “neutral” rating reaffirmed by analysts at DZ Bank AG.
  • 7/16/2018 – Deutsche Bank had its “neutral” rating reaffirmed by analysts at DZ Bank AG.

Shares of Deutsche Bank stock opened at $11.42 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.38. Deutsche Bank AG has a 52 week low of $10.36 and a 52 week high of $20.23. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of -19.03 and a beta of 1.41.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings data on Wednesday, July 25th. The bank reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.17). The company had revenue of $7.86 billion for the quarter. Deutsche Bank had a negative return on equity of 1.85% and a negative net margin of 3.33%. analysts predict that Deutsche Bank AG will post 0.42 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. raised its holdings in Deutsche Bank by 81.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 28,986,439 shares of the bank’s stock worth $405,229,000 after buying an additional 13,043,037 shares during the period. Franklin Resources Inc. raised its holdings in Deutsche Bank by 4,061.4% during the 1st quarter. Franklin Resources Inc. now owns 11,244,155 shares of the bank’s stock worth $156,903,000 after buying an additional 10,973,953 shares during the period. Dimensional Fund Advisors LP raised its holdings in Deutsche Bank by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,649,527 shares of the bank’s stock worth $59,998,000 after buying an additional 96,411 shares during the period. Schroder Investment Management Group raised its holdings in Deutsche Bank by 25.9% during the 1st quarter. Schroder Investment Management Group now owns 5,488,470 shares of the bank’s stock worth $62,163,000 after buying an additional 1,128,773 shares during the period. Finally, GAM Holding AG raised its holdings in Deutsche Bank by 24.1% during the 2nd quarter. GAM Holding AG now owns 2,485,886 shares of the bank’s stock worth $26,497,000 after buying an additional 482,076 shares during the period. Hedge funds and other institutional investors own 20.89% of the company’s stock.

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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