Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a hold rating to a buy rating in a report issued on Saturday morning.

Other research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Jefferies Financial Group assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They set a “hold” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, November 24th. Barclays raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. Finally, The Goldman Sachs Group cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE:DB opened at $38.65 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.40. The firm has a market cap of $76.99 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. Deutsche Bank Aktiengesellschaft has a 12 month low of $16.88 and a 12 month high of $38.87. The company’s 50-day moving average price is $35.88 and its two-hundred day moving average price is $34.08.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 5.97%. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DB. Opal Wealth Advisors LLC bought a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $25,000. Root Financial Partners LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $27,000. Salomon & Ludwin LLC raised its stake in Deutsche Bank Aktiengesellschaft by 2,807.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after buying an additional 758 shares during the period. Triumph Capital Management acquired a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth $32,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Deutsche Bank Aktiengesellschaft by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after acquiring an additional 413 shares during the period. Institutional investors 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.