Zacks Research Upgrades Deutsche Bank Aktiengesellschaft (NYSE:DB) to Hold

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other equities research analysts have also issued reports on DB. Weiss Ratings raised Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. Bank of America set a $43.00 target price on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Trading Up 0.8%

Shares of DB opened at $40.38 on Thursday. The firm has a market capitalization of $78.34 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.56 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a twelve month low of $28.12 and a twelve month high of $40.69. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The stock’s fifty day simple moving average is $36.56 and its 200 day simple moving average is $33.88.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. On average, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.88 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after acquiring an additional 277 shares during the period. Triumph Capital Management purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $32,000. Geneos Wealth Management Inc. lifted its holdings 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 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 valued at approximately $59,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $64,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.