Wall Street Zen Upgrades Deutsche Bank Aktiengesellschaft (NYSE:DB) to “Buy”

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

DB has been the topic of several other reports. Jefferies Financial Group started coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They set a “hold” rating on the stock. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. The Goldman Sachs Group cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Barclays raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 1.1%

Shares of DB opened at $38.63 on Friday. The firm has a market cap of $76.96 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.78 and a quick ratio of 0.78. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.60 and a 1 year high of $38.78. The company has a 50 day simple moving average of $35.81 and a two-hundred day simple moving average of $33.92.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.75 billion. On average, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter valued at about $27,000. Salomon & Ludwin LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% during the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after buying an additional 758 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $25,000. Triumph Capital Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 61.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock worth $38,000 after acquiring an additional 413 shares in the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.