Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Consensus Rating of “Hold” from Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have received an average rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $43.00.

Several equities research analysts have recently issued reports on DB shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 2nd. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings downgraded Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB opened at $36.55 on Thursday. The firm has a market cap of $70.90 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 0.49 and a beta of 0.94. The firm has a fifty day moving average price of $33.50 and a 200 day moving average price of $34.19. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $40.43. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. As a group, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after purchasing an additional 277 shares during the last quarter. Evergreen Capital Management LLC increased its stake in Deutsche Bank Aktiengesellschaft by 1.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock worth $452,000 after buying an additional 282 shares during the period. Cresset Asset Management LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 2.4% during the 3rd quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after buying an additional 285 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Deutsche Bank Aktiengesellschaft by 2.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 14,636 shares of the bank’s stock valued at $568,000 after buying an additional 323 shares during the period. Finally, Toth Financial Advisory Corp boosted its position in Deutsche Bank Aktiengesellschaft by 5.3% in the 4th quarter. Toth Financial Advisory Corp now owns 8,000 shares of the bank’s stock valued at $308,000 after buying an additional 400 shares during the period. Institutional investors own 27.90% of the company’s stock.

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.