Deutsche Bank’s (DB) “Sell” Rating Reaffirmed at Bank of America

Bank of America reiterated their sell rating on shares of Deutsche Bank (NYSE:DB) in a research report report published on Monday morning, Stock Target Advisor reports.

A number of other brokerages have also recently issued reports on DB. UBS Group upgraded to a neutral rating and upped their price objective for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research note on Thursday, June 20th. JPMorgan Chase & Co. restated a hold rating and issued a $7.00 price target on shares of Deutsche Bank in a research note on Thursday, April 25th. Norddeutsche Landesbank restated a hold rating and issued a $8.00 price target on shares of Deutsche Bank in a research note on Friday, April 26th. HSBC restated a hold rating on shares of Societe Generale in a research note on Thursday, April 4th. Finally, Zacks Investment Research cut Horiba from a hold rating to a sell rating in a research note on Wednesday, May 22nd. Nine investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The stock presently has an average rating of Hold and a consensus target price of $7.40.

NYSE DB opened at $7.48 on Monday. The company has a market cap of $15.29 billion, a PE ratio of 370.00 and a beta of 1.51. The company has a 50 day moving average price of $7.18. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.80 and a quick ratio of 0.80. Deutsche Bank has a 52 week low of $6.61 and a 52 week high of $13.17.

Deutsche Bank (NYSE:DB) last released its earnings results on Friday, April 26th. The bank reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $7.21 billion for the quarter. Deutsche Bank had a return on equity of 0.49% and a net margin of 0.92%. Sell-side analysts forecast that Deutsche Bank will post 0.48 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning grew its holdings in Deutsche Bank by 8.7% in the 1st quarter. Creative Planning now owns 17,964 shares of the bank’s stock valued at $146,000 after buying an additional 1,437 shares in the last quarter. Advisor Group Inc. grew its holdings in Deutsche Bank by 19.2% in the 4th quarter. Advisor Group Inc. now owns 14,271 shares of the bank’s stock valued at $116,000 after buying an additional 2,294 shares in the last quarter. Flinton Capital Management LLC grew its holdings in Deutsche Bank by 42.5% in the 4th quarter. Flinton Capital Management LLC now owns 15,764 shares of the bank’s stock valued at $126,000 after buying an additional 4,704 shares in the last quarter. Neuburgh Advisers LLC grew its holdings in Deutsche Bank by 42.5% in the 4th quarter. Neuburgh Advisers LLC now owns 19,142 shares of the bank’s stock valued at $153,000 after buying an additional 5,712 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Deutsche Bank by 0.9% in the 1st quarter. Janus Henderson Group PLC now owns 668,300 shares of the bank’s stock valued at $5,433,000 after buying an additional 5,881 shares in the last quarter. 19.34% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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Analyst Recommendations for Deutsche Bank (NYSE:DB)

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