Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Average Rating of “Moderate Buy” by Analysts

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts have recently commented on DB shares. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a “buy” rating on the stock. Finally, Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently added to or reduced their stakes in DB. Opal Wealth Advisors LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 96.5% in the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank’s stock worth $39,000 after purchasing an additional 800 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Deutsche Bank Aktiengesellschaft in the first quarter worth approximately $39,000. Geneos Wealth Management Inc. boosted its holdings 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 worth $40,000 after purchasing an additional 881 shares during the last quarter. Finally, MAI Capital Management raised its position in Deutsche Bank Aktiengesellschaft by 385.1% in the second quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock worth $53,000 after acquiring an additional 1,448 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $37.1510 on Monday. The company has a 50-day simple moving average of $31.84 and a two-hundred day simple moving average of $27.01. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 12-month low of $15.20 and a 12-month high of $37.36. The firm has a market cap of $74.01 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.45 and a beta of 1.02.

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

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.