Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 1-Year High – Still a Buy?

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.08 and last traded at $39.6580, with a volume of 824389 shares traded. The stock had previously closed at $39.40.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DB. Barclays raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Jefferies Financial Group started coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating on the stock. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $77.85 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. The business has a 50-day moving average of $37.62 and a 200 day moving average of $35.89.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 5.97%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. As a group, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at $27,000. Salomon & Ludwin LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 2,807.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after acquiring an additional 758 shares during the last quarter. Triumph Capital Management bought a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after purchasing an additional 413 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after purchasing an additional 881 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 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.