Deutsche Bank (NYSE:DB) Upgraded at UBS Group

Deutsche Bank (NYSE:DB) was upgraded by analysts at UBS Group from a “sell” rating to a “neutral” rating in a report issued on Friday, The Fly reports.

Several other research analysts also recently commented on DB. ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. Goldman Sachs Group restated a “hold” rating and issued a $8.40 target price on shares of Deutsche Bank in a report on Monday. Zacks Investment Research cut Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Credit Suisse Group restated a “sell” rating and issued a $6.00 target price on shares of Deutsche Bank in a report on Monday, July 1st. Finally, Norddeutsche Landesbank restated a “hold” rating and issued a $8.00 target price on shares of Deutsche Bank in a report on Friday, April 26th. Eight research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $7.40.

NYSE DB opened at $7.48 on Friday. The company has a fifty day moving average price of $7.18. Deutsche Bank has a one year low of $6.61 and a one year high of $13.17. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.27. The firm has a market cap of $15.29 billion, a P/E ratio of -748.00 and a beta of 1.51.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings data on Friday, April 26th. The bank reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Deutsche Bank had a return on equity of 0.49% and a net margin of 0.92%. The firm had revenue of $7.21 billion during the quarter. On average, research analysts predict that Deutsche Bank will post 0.48 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DB. Laurel Wealth Advisors Inc. purchased a new position in shares of Deutsche Bank during the 1st quarter worth $99,000. Greenleaf Trust acquired a new position in Deutsche Bank during the 1st quarter worth about $105,000. Advisor Group Inc. lifted its stake in Deutsche Bank by 19.2% during the 4th quarter. Advisor Group Inc. now owns 14,271 shares of the bank’s stock worth $116,000 after acquiring an additional 2,294 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Deutsche Bank by 42.5% during the 4th quarter. Flinton Capital Management LLC now owns 15,764 shares of the bank’s stock worth $126,000 after acquiring an additional 4,704 shares in the last quarter. Finally, Creative Planning lifted its stake in Deutsche Bank by 8.7% during the 1st quarter. Creative Planning now owns 17,964 shares of the bank’s stock worth $146,000 after acquiring an additional 1,437 shares in the last quarter. Institutional investors and hedge funds own 19.34% of the company’s stock.

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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