Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms have recently weighed in on DB. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a “buy” rating for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Finally, Cfra Research raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, April 30th.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently added to or reduced their stakes in DB. Choreo LLC lifted its position in Deutsche Bank Aktiengesellschaft by 17.6% during the fourth quarter. Choreo LLC now owns 19,359 shares of the bank’s stock valued at $331,000 after buying an additional 2,902 shares during the period. Bleakley Financial Group LLC lifted its position in Deutsche Bank Aktiengesellschaft by 9.3% during the fourth quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock valued at $198,000 after buying an additional 990 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Deutsche Bank Aktiengesellschaft by 4.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 730,543 shares of the bank’s stock valued at $12,582,000 after buying an additional 30,946 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 7,407.9% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 123,880 shares of the bank’s stock valued at $2,135,000 after acquiring an additional 122,230 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.8% during the fourth quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock valued at $235,000 after acquiring an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $27.52 on Wednesday. The firm has a market cap of $54.82 billion, a PE ratio of 19.80 and a beta of 0.98. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $29.07. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The business has a 50 day moving average price of $26.24 and a 200-day moving average price of $22.21.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $8.97 billion during the quarter, compared to analyst estimates of $7.95 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.