Zacks Investment Research downgraded shares of Deutsche Bank (NYSE:DB) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

According to Zacks, “On the NYSE, shares of Deutsche Bank have underperformed the industry over the past six months. The company's 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. However, Deutsche Bank’s efforts to improve financials by offloading unprofitable businesses and continued investments in order to expand its fee income sources are commendable. Nevertheless, litigation issues related to past misconducts continue and legal costs might deter bottom-line growth to some extent. Recently, antitrust regulators at the European Union (EU) have accused Deutsche Bank with some other major banks of being involved in a bond trading cartel for a period of about seven years (2009-2015).”

A number of other equities research analysts have also recently weighed in on DB. Barclays set a $8.00 price target on Deutsche Bank and gave the company a sell rating in a report on Tuesday, November 20th. Credit Suisse Group reissued a hold rating on shares of Deutsche Bank in a research note on Monday, December 17th. Keefe, Bruyette & Woods reissued a sell rating on shares of Deutsche Bank in a research note on Wednesday, October 31st. DZ Bank reissued a neutral rating on shares of Deutsche Bank in a research note on Wednesday, October 24th. Finally, Berenberg Bank reissued a sell rating on shares of Deutsche Bank in a research note on Friday, November 2nd. Eight equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Deutsche Bank has a consensus rating of Hold and an average target price of $11.00.

Deutsche Bank stock opened at $8.56 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The company has a market cap of $17.69 billion, a P/E ratio of -14.27 and a beta of 1.27. Deutsche Bank has a one year low of $7.62 and a one year high of $19.98.

Deutsche Bank (NYSE:DB) last posted its earnings results on Wednesday, October 24th. The bank reported $0.12 EPS for the quarter. The business had revenue of $7.18 billion during the quarter. Deutsche Bank had a negative return on equity of 2.50% and a negative net margin of 4.51%. On average, equities research analysts forecast that Deutsche Bank will post 0.35 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of DB. Hudson Executive Capital LP bought a new stake in shares of Deutsche Bank in the third quarter valued at about $679,928,000. Vanguard Group Inc. lifted its holdings in shares of Deutsche Bank by 2.1% in the third quarter. Vanguard Group Inc. now owns 54,018,722 shares of the bank’s stock valued at $613,653,000 after purchasing an additional 1,094,899 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Deutsche Bank by 2.1% in the third quarter. Vanguard Group Inc now owns 54,018,722 shares of the bank’s stock valued at $613,653,000 after purchasing an additional 1,094,899 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Deutsche Bank by 1.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 18,461,432 shares of the bank’s stock valued at $208,934,000 after purchasing an additional 321,583 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Deutsche Bank by 18.8% in the third quarter. Franklin Resources Inc. now owns 13,503,281 shares of the bank’s stock valued at $154,070,000 after purchasing an additional 2,132,543 shares in the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Deutsche Bank Company Profile

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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