Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Consensus Rating of “Hold” from Brokerages

Deutsche Bank Aktiengesellschaft (NYSE:DB) has been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

Several equities analysts have recently issued reports on the company. Barclays lowered Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Finally, Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position in Deutsche Bank Aktiengesellschaft by 83.1% in the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock worth $637,893,000 after buying an additional 9,719,181 shares during the last quarter. Amundi raised its position in Deutsche Bank Aktiengesellschaft by 11.4% in the 1st quarter. Amundi now owns 60,059,707 shares of the bank’s stock worth $1,788,578,000 after buying an additional 6,139,611 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Deutsche Bank Aktiengesellschaft by 39.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,590 shares of the bank’s stock worth $345,000 after buying an additional 3,254 shares during the last quarter. Royal Bank of Canada raised its position in Deutsche Bank Aktiengesellschaft by 39.4% in the 1st quarter. Royal Bank of Canada now owns 2,228,726 shares of the bank’s stock worth $66,370,000 after buying an additional 629,461 shares during the last quarter. Finally, Rokos Capital Management LLP purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $3,828,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $33.49 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $64.97 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.43 and a beta of 0.94. The business has a fifty day simple moving average of $31.23 and a two-hundred day simple moving average of $34.86. Deutsche Bank Aktiengesellschaft has a 12 month low of $27.13 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.09. The firm had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.02 earnings per share for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

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.