Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a strong sell rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Bank of America set a $43.00 price objective on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $40.38 on Thursday. The company’s 50 day moving average is $36.56 and its 200-day moving average is $33.88. Deutsche Bank Aktiengesellschaft has a 12-month low of $28.12 and a 12-month high of $40.69. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. The firm has a market cap of $78.34 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.56 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DB. AQR Capital Management LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after acquiring an additional 17,262 shares during the last quarter. Focus Partners Wealth purchased a new stake in Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $795,000. Sivia Capital Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $413,000. Rhumbline Advisers grew its stake in Deutsche Bank Aktiengesellschaft by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock worth $813,000 after buying an additional 1,187 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 24.1% in the 2nd quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock worth $15,620,000 after buying an additional 102,754 shares during the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

About Deutsche Bank Aktiengesellschaft

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.