Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a hold rating to a buy rating in a research report released on Saturday.

A number of other brokerages also recently weighed in on DB. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Tuesday, August 26th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They issued a “hold” rating for the company. Finally, Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

DB stock opened at $36.15 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The firm has a market cap of $72.00 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 1.12 and a beta of 0.98. The company’s fifty day simple moving average is $35.34 and its 200 day simple moving average is $31.74. Deutsche Bank Aktiengesellschaft has a 12-month low of $16.02 and a 12-month high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.16. The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%. On average, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds have recently added to or reduced their stakes in DB. Opal Wealth Advisors LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the second quarter worth approximately $25,000. Root Financial Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth $27,000. Salomon & Ludwin LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 2,807.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after acquiring an additional 758 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth $39,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after acquiring an additional 881 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.