Cfra Research Upgrades Deutsche Bank Aktiengesellschaft (NYSE:DB) to “Hold”

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

A number of other analysts also recently issued reports on DB. Royal Bank of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Barclays reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Up 0.9 %

DB opened at $26.45 on Wednesday. The business’s 50-day moving average price is $23.42 and its 200-day moving average price is $19.84. Deutsche Bank Aktiengesellschaft has a 12 month low of $13.70 and a 12 month high of $26.96. The company has a market cap of $52.68 billion, a P/E ratio of 19.03 and a beta of 1.03. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. On average, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth about $773,016,000. Franklin Resources Inc. lifted its holdings in Deutsche Bank Aktiengesellschaft by 199.8% in the fourth quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank’s stock worth $222,715,000 after purchasing an additional 8,617,662 shares during the period. Capital International Investors boosted its position in shares of Deutsche Bank Aktiengesellschaft by 9.4% during the 4th quarter. Capital International Investors now owns 87,660,818 shares of the bank’s stock valued at $1,510,097,000 after purchasing an additional 7,558,488 shares in the last quarter. Amundi raised its position in shares of Deutsche Bank Aktiengesellschaft by 23.6% during the fourth quarter. Amundi now owns 39,176,325 shares of the bank’s stock worth $678,926,000 after purchasing an additional 7,484,594 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Deutsche Bank Aktiengesellschaft by 18.7% in the fourth quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank’s stock worth $258,903,000 after buying an additional 2,369,480 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.