Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Gets Downgrade from Zacks Research

Deutsche Bank Aktiengesellschaft (NYSE:DB) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

A number of other analysts have also weighed in on DB. DZ Bank reissued a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, July 29th. UBS Group restated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Sunday, October 4th. Finally, Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 1.7%

DB opened at $32.79 on Tuesday. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $41.62. 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 business’s 50-day moving average price is $37.77 and its 200-day moving average price is $34.87. The company has a market cap of $63.61 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.47 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued 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 company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations 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 analysts expect that Deutsche Bank Aktiengesellschaft will post 3.85 EPS for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after acquiring an additional 277 shares during the period. Byrne Asset Management LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $34,000. GHP Investment Advisors Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at approximately $64,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 22,576.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank’s stock valued at $114,000 after purchasing an additional 2,935 shares during the period. Finally, Mather Group LLC. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 23,817.6% in the 3rd quarter. Mather Group LLC. now owns 4,066 shares of the bank’s stock valued at $146,000 after purchasing an additional 4,049 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.