Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Moved Down to Strong Sell by Zacks Research

Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a hold rating to a strong sell rating in a research note published on Tuesday morning,Zacks reports.

DB has been the topic of a number of other research reports. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, October 5th. DZ Bank reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, July 29th. 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. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB opened at $32.79 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $63.61 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.47 and a beta of 1.00. The company’s 50 day simple moving average is $37.77 and its 200 day simple moving average is $34.87. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $41.62.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released 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). The firm had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. On average, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 3.85 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of large investors have recently bought and sold shares of DB. Mather Group LLC. lifted its position in Deutsche Bank Aktiengesellschaft by 23,817.6% during the third quarter. Mather Group LLC. now owns 4,066 shares of the bank’s stock valued at $146,000 after buying an additional 4,049 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $29,000. Farther Finance Advisors LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth $462,000. Artemis Investment Management LLP increased its position in shares of Deutsche Bank Aktiengesellschaft by 242.2% in the third quarter. Artemis Investment Management LLP now owns 4,997,095 shares of the bank’s stock worth $180,435,000 after acquiring an additional 3,536,604 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 16.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 11,352 shares of the bank’s stock valued at $407,000 after acquiring an additional 1,596 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

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.