Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives $43.00 Average PT from Analysts

Deutsche Bank Aktiengesellschaft (NYSE:DB) has been given an average rating of “Hold” by the eleven research firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $43.00.

Several equities analysts have recently weighed in on DB shares. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 2nd. Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock opened at $35.23 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $40.43. The company has a market cap of $68.34 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.48 and a beta of 0.94. The stock’s fifty day moving average price is $33.65 and its 200-day moving average price is $34.18.

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

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Deutsche Bank Aktiengesellschaft by 51.6% in the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after buying an additional 277 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $32,000. Geneos Wealth Management Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after acquiring an additional 881 shares during the period. Advisory Services Network LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $59,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $64,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

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.