Zacks Investment Research upgraded shares of Deutsche Bank (NYSE:DB) from a sell rating to a hold rating in a research report released on Friday.

According to Zacks, “On the NYSE, shares of Deutsche Bank have underperformed the industry over the past six months. Second-quarter 2018 results reflect significant improvement in performance as reflected by rising revenues and a strong capital position. Also, during the quarter, the bank made progress in achieving its several strategic targets laid down by the newly appointed chief executive officer, who remains confident of staging a turnaround fast. Deutsche Bank’s efforts to improve financials by offloading unprofitable businesses and reducing expenses are encouraging. However, its profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Also, margins continue to remain under pressure owing to low interest rates. Moreover, litigation issues related to past misconducts continue and legal costs might deter bottom-line growth.”

Other equities analysts have also issued reports about the company. DZ Bank reiterated a buy rating on shares of Deutsche Bank in a research report on Thursday, May 24th. ValuEngine lowered Deutsche Bank from a hold rating to a sell rating in a research report on Friday, May 4th. Royal Bank of Canada lowered Deutsche Bank from a sector perform rating to an underperform rating in a research report on Friday, June 1st. Bank of America lowered Deutsche Bank from a neutral rating to an underperform rating in a research report on Monday, August 13th. Finally, Morgan Stanley lowered Deutsche Bank from an equal rating to a weight rating and set a $9.00 price objective for the company. in a research report on Friday, August 10th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Deutsche Bank presently has an average rating of Hold and an average target price of $13.00.

Shares of DB opened at $11.22 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.76 and a quick ratio of 0.76. Deutsche Bank has a 52-week low of $10.36 and a 52-week high of $20.23. The company has a market capitalization of $24.43 billion, a P/E ratio of -18.70 and a beta of 1.41.

Deutsche Bank (NYSE:DB) last issued its quarterly earnings data on Wednesday, July 25th. The bank reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.17). Deutsche Bank had a negative net margin of 3.33% and a negative return on equity of 1.85%. The business had revenue of $7.86 billion during the quarter. equities analysts forecast that Deutsche Bank will post 0.83 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in DB. Amundi Pioneer Asset Management Inc. boosted its position in Deutsche Bank by 81.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 28,986,439 shares of the bank’s stock worth $405,229,000 after acquiring an additional 13,043,037 shares during the last quarter. Franklin Resources Inc. boosted its position in Deutsche Bank by 4,061.4% during the 1st quarter. Franklin Resources Inc. now owns 11,244,155 shares of the bank’s stock worth $156,903,000 after acquiring an additional 10,973,953 shares during the last quarter. State of Wisconsin Investment Board boosted its position in Deutsche Bank by 93.1% during the 1st quarter. State of Wisconsin Investment Board now owns 2,380,820 shares of the bank’s stock worth $33,163,000 after acquiring an additional 1,147,616 shares during the last quarter. Schroder Investment Management Group boosted its position in Deutsche Bank by 25.9% during the 1st quarter. Schroder Investment Management Group now owns 5,488,470 shares of the bank’s stock worth $62,163,000 after acquiring an additional 1,128,773 shares during the last quarter. Finally, Pictet North America Advisors SA boosted its position in Deutsche Bank by 2,926.3% during the 1st quarter. Pictet North America Advisors SA now owns 954,805 shares of the bank’s stock worth $13,300,000 after acquiring an additional 923,255 shares during the last quarter. 20.20% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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