Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $43.00.

DB has been the topic of several recent research reports. Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $41.55 on Friday. The stock has a market capitalization of $80.61 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 0.56 and a beta of 0.96. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50-day moving average of $37.00 and a 200 day moving average of $33.96. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $41.56.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.30 billion. As a group, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.92 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 51.6% in the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after acquiring an additional 277 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $32,000. Geneos Wealth Management Inc. increased its position 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 valued at $40,000 after purchasing an additional 881 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $59,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth $64,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

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.