Deutsche Bank Aktiengesellschaft (NYSE:DB) Rating Lowered to “Hold” at Wall Street Zen

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

Several other equities analysts have also recently commented on the stock. Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday. Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They issued a “buy” rating for the company. Finally, Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $33.46 on Friday. The company has a market capitalization of $66.64 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.43 and a beta of 0.97. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. The company has a 50-day simple moving average of $28.93 and a 200 day simple moving average of $24.67. Deutsche Bank Aktiengesellschaft has a 52 week low of $13.70 and a 52 week high of $34.14.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. On average, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently modified their holdings of the company. GQG Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth $470,716,000. Entrust Global Partners L L C bought a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth $365,750,000. Franklin Resources Inc. boosted its stake in Deutsche Bank Aktiengesellschaft by 199.8% during the fourth quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank’s stock worth $222,715,000 after acquiring an additional 8,617,662 shares in the last quarter. Capital International Investors boosted its stake in Deutsche Bank Aktiengesellschaft by 9.4% during the fourth quarter. Capital International Investors now owns 87,660,818 shares of the bank’s stock worth $1,510,097,000 after acquiring an additional 7,558,488 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Deutsche Bank Aktiengesellschaft by 10.0% during the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock worth $1,135,808,000 after acquiring an additional 4,322,086 shares in the last quarter. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.