Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Average Rating of “Hold” from Analysts

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts recently weighed in on DB shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, November 24th. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Jefferies Financial Group assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating on the stock. Wall Street Zen raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $39.64 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50-day simple moving average of $36.27 and a two-hundred day simple moving average of $34.36. The firm has a market capitalization of $78.97 billion, a PE ratio of 14.63, a P/E/G ratio of 0.42 and a beta of 0.95. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.97 and a 52-week high of $39.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.16. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 5.97%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently modified their holdings of DB. Root Financial Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at $27,000. Salomon & Ludwin LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% in the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after buying an additional 758 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $25,000. Triumph Capital Management purchased a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $32,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in Deutsche Bank Aktiengesellschaft by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after acquiring an additional 413 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

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.