Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have earned a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several research firms have recently weighed in on DB. Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They set a “hold” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, November 24th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th.

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $36.25 on Wednesday. The company’s 50-day simple moving average is $35.32 and its two-hundred day simple moving average is $33.31. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $72.21 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.38 and a beta of 0.95. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.60 and a 52-week high of $38.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.75 billion. As a group, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently bought and sold shares of DB. Vanguard Group Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank’s stock valued at $1,892,773,000 after acquiring an additional 370,319 shares during the period. Amundi lifted its holdings in Deutsche Bank Aktiengesellschaft by 22.0% during the third quarter. Amundi now owns 49,597,003 shares of the bank’s stock valued at $1,732,919,000 after purchasing an additional 8,932,484 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Deutsche Bank Aktiengesellschaft by 10.0% in the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock worth $1,135,808,000 after purchasing an additional 4,322,086 shares during the period. Fisher Asset Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 3.8% during the 3rd quarter. Fisher Asset Management LLC now owns 26,432,006 shares of the bank’s stock valued at $935,957,000 after purchasing an additional 960,605 shares during the period. Finally, Norges Bank purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $719,395,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

About Deutsche Bank Aktiengesellschaft

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.