Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded to “Buy” by StockNews.com

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other research firms also recently issued reports on DB. Morgan Stanley set a €14.90 ($15.20) price target on Deutsche Bank Aktiengesellschaft in a research report on Friday, April 22nd. Royal Bank of Canada increased their price objective on Deutsche Bank Aktiengesellschaft from €12.50 ($12.76) to €13.00 ($13.27) in a report on Friday, April 29th. The Goldman Sachs Group initiated coverage on Deutsche Bank Aktiengesellschaft in a report on Wednesday, March 30th. They issued a “buy” rating on the stock. Credit Suisse Group dropped their target price on Deutsche Bank Aktiengesellschaft from €11.00 ($11.22) to €10.00 ($10.20) in a report on Thursday. Finally, Kepler Capital Markets raised Deutsche Bank Aktiengesellschaft to a “buy” rating and set a $15.40 target price on the stock in a report on Friday, April 8th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.38.

Deutsche Bank Aktiengesellschaft Stock Up 1.0 %

Shares of DB opened at $8.71 on Thursday. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 0.58 and a beta of 1.41. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50 day simple moving average is $9.45 and its 200-day simple moving average is $11.42. Deutsche Bank Aktiengesellschaft has a 1 year low of $7.54 and a 1 year high of $16.70.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating) last released its earnings results on Wednesday, April 27th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. The firm had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $7.55 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 4.27% and a net margin of 8.07%. As a group, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 1.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors and hedge funds have recently modified their holdings of DB. Signaturefd LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 15.8% during the 4th quarter. Signaturefd LLC now owns 8,289 shares of the bank’s stock valued at $104,000 after buying an additional 1,134 shares during the last quarter. Bessemer Group Inc. grew its holdings in Deutsche Bank Aktiengesellschaft by 143.0% during the 4th quarter. Bessemer Group Inc. now owns 3,846 shares of the bank’s stock valued at $48,000 after buying an additional 2,263 shares during the last quarter. Highland Capital Management LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 7.6% during the 4th quarter. Highland Capital Management LLC now owns 44,037 shares of the bank’s stock valued at $550,000 after buying an additional 3,120 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 9.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 25,834 shares of the bank’s stock valued at $322,000 after buying an additional 2,244 shares during the last quarter. Finally, Yousif Capital Management LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at $400,000.

About Deutsche Bank Aktiengesellschaft

(Get Rating)

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions.

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