Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Has Consensus Target Price of $43.00 According to Brokerages

Deutsche Bank Aktiengesellschaft (NYSE:DB) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $43.00.

DB has been the topic of a number of recent analyst reports. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research upgraded Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, September 2nd.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several hedge funds have recently modified their holdings of DB. Amundi raised its position in Deutsche Bank Aktiengesellschaft by 11.4% in the 1st quarter. Amundi now owns 60,059,707 shares of the bank’s stock worth $1,788,578,000 after purchasing an additional 6,139,611 shares during the last quarter. Bank of America Corp DE boosted its position in Deutsche Bank Aktiengesellschaft by 83.1% in the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock valued at $637,893,000 after buying an additional 9,719,181 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Deutsche Bank Aktiengesellschaft by 5.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank’s stock valued at $600,821,000 after buying an additional 957,307 shares during the last quarter. Norges Bank acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at $532,397,000. Finally, Kahn Brothers Group Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $297,800,000. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $35.11 on Tuesday. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $41.62. The firm has a 50 day moving average of $38.20 and a 200-day moving average of $34.58. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $68.12 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 0.50 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $9.30 billion. As a group, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.93 EPS for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.