Zacks Investment Research upgraded shares of Deutsche Bank (NYSE:DB) from a sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “On the NYSE, shares of Deutsche Bank have underperformed the industry over the past six months. In the third quarter, lower revenues and rise in expenses were partially offset by decline in provisions. The company's profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Moreover, the bank cleared the 2018 stress test and displayed stronger capital position compared with 2017. Also, margins continue to remain under pressure owing to low interest rates. However, Deutsche Bank’s efforts to improve financials by offloading unprofitable businesses are encouraging. Also, the bank continues to make investments in order to expand its fee income sources. Nevertheless, litigation issues related to past misconducts continue and legal costs might deter bottom-line growth.”

DB has been the subject of several other research reports. equinet restated a buy rating on shares of Deutsche Bank in a research note on Wednesday, October 24th. Morgan Stanley downgraded Deutsche Bank from an equal rating to a weight rating and set a $9.00 target price for the company. in a research note on Friday, August 10th. DZ Bank restated a neutral rating on shares of Deutsche Bank in a research note on Monday, November 5th. Keefe, Bruyette & Woods restated a sell rating on shares of Deutsche Bank in a research note on Wednesday, October 31st. Finally, Goldman Sachs Group restated a hold rating on shares of Deutsche Bank in a research note on Tuesday, October 23rd. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $12.50.

Shares of NYSE:DB opened at $9.86 on Tuesday. Deutsche Bank has a twelve month low of $9.60 and a twelve month high of $20.23. The company has a market cap of $20.11 billion, a P/E ratio of -16.43 and a beta of 1.35. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

Several hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its position in shares of Deutsche Bank by 1.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,461,432 shares of the bank’s stock worth $208,934,000 after buying an additional 321,583 shares during the period. Franklin Resources Inc. lifted its position in shares of Deutsche Bank by 18.8% during the 3rd quarter. Franklin Resources Inc. now owns 13,503,281 shares of the bank’s stock worth $154,070,000 after buying an additional 2,132,543 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of 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 lifted its position in shares of Deutsche Bank by 2.0% during the 3rd quarter. Schroder Investment Management Group now owns 4,998,416 shares of the bank’s stock worth $49,124,000 after buying an additional 99,799 shares during the period. Finally, GAM Holding AG lifted its position in shares of 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. Institutional investors own 20.96% of the company’s stock.

About Deutsche Bank

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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