Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives $43.00 Consensus Price Target from Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been given an average recommendation of “Hold” by the eleven analysts that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $43.00.

Several equities analysts have issued reports on the company. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Bank of America set a $43.00 price objective on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Finally, Weiss Ratings lowered shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 51.6% in the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after purchasing an additional 277 shares in the last quarter. Triumph Capital Management acquired a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $32,000. Geneos Wealth Management Inc. raised its stake in Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after buying an additional 881 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth about $59,000. Finally, GHP Investment Advisors Inc. acquired a new stake in Deutsche Bank Aktiengesellschaft in the first quarter worth about $64,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Down 1.5%

Deutsche Bank Aktiengesellschaft stock opened at $34.68 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40. The firm has a market cap of $67.27 billion, a P/E ratio of 9.55, a P/E/G ratio of 0.48 and a beta of 0.94. The business has a fifty day moving average of $33.71 and a two-hundred day moving average of $34.12. Deutsche Bank Aktiengesellschaft has a twelve month low of $28.12 and a twelve month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. The business had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. On average, analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.91 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.