Deutsche Bank Lowered to “Hold” at Equinet Institutional Services (DB)
Deutsche Bank (NYSE:DB) was downgraded by investment analysts at Equinet Institutional Services from an “accumulate” rating to a “hold” rating in a note issued to investors on Tuesday, Stock Ratings Network.com reports.
Deutsche Bank (NYSE:DB) traded up 0.70% during mid-day trading on Tuesday, hitting $50.47. The stock had a trading volume of 76,531 shares. Deutsche Bank has a one year low of $38.18 and a one year high of $53.12. The stock’s 50-day moving average is $47.14 and its 200-day moving average is $45.35. The company has a market cap of $51.434 billion and a price-to-earnings ratio of 207.11.
Deutsche Bank (NYSE:DB) last announced its earnings results on Tuesday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.50. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that Deutsche Bank will post $5.25 EPS for the current fiscal year.
A number of other firms have also recently commented on DB. Analysts at Macquarie downgraded shares of Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 11th. Separately, analysts at Zacks upgraded shares of Deutsche Bank from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, October 7th. They now have a $53.00 price target on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Deutsche Bank from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.00.
Deutsche Bank AG is a global investment bank. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients worldwide.
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