Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company.

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

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Callan Family Office LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $1,320,000. Plato Investment Management Ltd raised its position in shares of Deutsche Bank Aktiengesellschaft by 53.7% during the 4th quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank’s stock valued at $6,632,000 after buying an additional 133,960 shares during the period. Bank of New York Mellon Corp lifted its holdings in Deutsche Bank Aktiengesellschaft by 2.9% in the fourth quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock valued at $53,409,000 after acquiring an additional 88,606 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth $6,464,000. Finally, Gemsstock Ltd. purchased a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at $15,498,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Down 0.7%

DB opened at $27.94 on Wednesday. The company has a market cap of $55.65 billion, a PE ratio of 20.10 and a beta of 0.98. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.70 and a twelve month high of $29.07. The company has a 50-day moving average price of $25.76 and a 200 day moving average price of $21.93. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The business had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. Sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal 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.